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Home > PC > Chapter 8 > Lesson 8.1.4 > Problem 8-55

8-55.
  1. Write an expression for each of the following situations. You do not need to calculate the values, just write the expressions. Homework Help ✎

    1. How much money will you have after 5 years if $1050 is invested at 7% annual interest, compounded quarterly?

    2. How much money will you have after 10 years if $5000 is invested at 8.2% annual interest, compounded monthly?

    3. How much money will you have after t years if P dollars are invested at r% annual interest, compounded n times per year?