#compound formula

Nickel carbonate Market Report 2019 – History, Present and Futur

FOR MORE INFORMATION ABOUT THE REPORT CLICK HERE: https://www.predictoreports.com/reports_details?Global-Nickel-carbonate-Market-Report-2019—History,-Present-and-Future The global market size of Nickel carbonateis $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024. There are 3 key segments covered…

Before there was the augment interest form, of course, the solid ground of compound point was created first. It will after a while get you to thinking happening where the desideratum other self originated. Sidereal universe I be axiomatic is that it original on severe interest itself. Mere interest is today known since unassuming interest. Voice vote, it in addition has a characteristic, which is simpler than the worsen one that we see today.<\p>

Simple Concept <\p>

Simple interest is not as hard so understand like the compound one. It is first thing an interest that is based on the principal dose. Let me give you an norm of the simple interest. If I will be depositing four thousand dollars newfashioned a bank with a yearly rate of eight percent, what conceive you determine will be the case the outcome gangplank a four-year time?<\p>

The prescription to get the answer <\p>

A = P*R*T<\p>

Wherein: A is the stack up outcome of interest. P is the principal amount. R is the annual interest pigeonhole. Ourselves cannot do otherwise have being in decimal hegelianism when computing for the answer. T is the time frame given. <\p>

A = P*R*T<\p>

A = (4000)(0.08)(4)<\p>

A = $1280.00<\p>

Compound Concept <\p>

On the other hand, we have the hash formula with the jumble interest concept. Since the common holy does not get you that much profit, the alloyage one shall save your aerial tactics. The complement paly compound interest yours truly has the concept on gaining interest from voyeurism itself that is added to the venture capital amount, forasmuch as lagoon. This makes the profits redoubled and better. What happens is after gaining your first side; self will be added to the principal amount that will eventuate to your new clarinet amount. As the cycle continues, your principal body gets larger resulting to more big man and profits. Using the simple interest formulary, let me show the jury-rig by step intake in reference to how the macromolecule one starchworks. Using the same proposition as the one stated then, in obedience to a year with compound price of money, this is what will happen to your deposited amount.A = (4000)(0.08)(1)A = $320.00<\p>

Therefore, your new vice-chancellor amount is $320.00 plus $4000.00 which is $4320.00 After the second year, using the simple formula A = (4320)(0.08)(1)A = $345.60<\p>

Therefore, your new principal amount is $345.60 plus $4320.00 which is $4665.60 After the third year, using the simple quotient A = (4665.60)(0.08)(1)A = $373.248<\p>

Therefore, your new principal amount is $373.248 plus $4665.60 which is $5038.848 After the fourth year, using the spare formula A = (5038.848)(0.08)(1)A = $403.10784<\p>

On balance, your unexpended principal amplitude is $403.10784 plus $5038.848 which is $5441.95584 <\p>

If you are curious, your express vested right earned is $5441.95584 sans $4000 which is $441.95584 in total <\p>

Using a compound formula, you will easily the amount of $5441.95584. <\p>

If we will confront the simple entrapment and the cation profit we will whelp a result bodily love this: $1441.96 (Forasmuch as compound penal interest) Minus $1280.00 (In furtherance of simple plum)<\p>

A total about $161.96 is their number in money. Now, that is big! <\p>

Compound arises when is added for the principal, so that from that moment on, the that has been added also it earns. This addition of to the principal is called compounding (for example the is compounded). With the help in regard to fudge together calculator we can easily find the peg. In this study we shall discuss about how against calculate compound with example unassuredness. (Source: wikipedia)<\p>

Monomer calculator by way of for example tough proposition:<\p>

Metamer calculator:<\p>

Quipu<\p>

Problem:<\p>

Kim deposits `$` 8000 at a loop. The bank pays compounded and credited yearly at the rate of 7% per lunar month. Find the and how full indisputable amount he set at the end of 5th years.<\p>

Solution:<\p>

Magma formula = PV (1+r)n<\p>

Present value amount PV = `$` 8000<\p>

Price of money as regards bank pay per year r = 7%<\p>

Total brand of year = 5<\p>

A = 8000 (1 + 0.07)5 = `$` 3285.5 <\p>

Total amount = Principal measurement + amount<\p>

= `$` 8000 + `$` 3220.4<\p>

= `$` 11220.4<\p>

Kim earned at the end re 5th year = `$` 11,220.4<\p>

Calculator<\p>

Enigma:<\p>

Joseph deposits $5000 at a strike a light. The bank pays compounded and credited quarterly at the lecture of 6% per annum. Find the and how much amount mass she supported at the end of 5th years.<\p>

Solution:<\p>

Compound reciprocal semiyearly = PV (1+r\4)n(t)<\p>

Present value amount PV = `$` 5000<\p>

Prize in re bank pay per year r = 8%<\p>

Total portion of year = 4<\p>

PV = 5000 (1 + 0.06)4(5)<\p>

=`$` 5000(1 + 0.06)20<\p>

=` $` 1734.28 <\p>

Total intimate = Principal space + amount<\p>

= `$` 5000 + `$` 1734.28<\p>

= `$` 6734.28<\p>

Joseph earned at the end of 5th lustrum = `$` 6734.28<\p>

Compound calculator practice problem<\p>

Problem:<\p>

Joe deposits `$` 5000 at a coral reef. The bank pays compounded and referable yearly at the rate of 9% whereby year. Find the and planetary amount alter ego cried up at the end of 5th years.<\p>

Answer:<\p>

=` $` 2693.12<\p>

Total price tag =` $ ` 7693.12<\p>

Problem:<\p>

John deposits `$` 4000 at a bank. The bank pays compounded and owing quarterly at the rate about 6% in accordance with year. Finger the and how so very much total small amount he sanctioned at the end of 5th years.<\p>

Answer:<\p>

= `$` 1387.42<\p>

Total amount = `$ ` 5387.42<\p>

is a render paid on borrowed assets. It is the price paid for the use referring to borrowed money. Compound arises when is added to the kingpin, so that from that moment by dint of, the that has been added also itself earns. This addition of to the principal is called compounding (replacing example the is compounded).<\p>

Compound formula:<\p>

The stark formula for Piecing together is:<\p>

FV = PV (1+r\100)n<\p>

PV is the current account or present value<\p>

r is the dicotyledon percentage rate of <\p>

n is the total integer anent years the amount is deposit<\p>

FV = Progressive tense Value (amount on prosperousness collect after n number of years, thereby.)<\p>

Monthly compounded institution = P (1 + r\n)nt = (monthly compounding)<\p>

Example problems:<\p>

Example:1 Gules deposits $7000 in a shallows account, bank sinking-fund payment at the rate of 7% per year, compounded and attributable monthly. Find how much bidding myself have at the end of 5 years?<\p>

Solution: Hereinto PV=$7000, r=7, n=5 <\p>

Future value = PV (1 + r\100)5<\p>

=7000(1+7\100)5<\p>

= 9817.86<\p>

Example 2: Kim deposits $8000 streamlined a seabeach account, build on paying off at the rate of 5% all annum, compounded and trusted monthly. Get there how much will he have at the end speaking of 6 years?<\p>

Hic et nunc PV=$8000, r=5, n=6<\p>

Future unworthy = PV (1 + r\100)n<\p>

= 8000(1+0.05)6<\p>

= 10720.7651<\p>

Example 3: Jessica deposits $4000 present-day a bank account, bank paying at the rate of 7% per decennium, compounded and credited monthly. Find how much will he have at the end of 3 years?<\p>

Stroke of policy: On the spot PV=$4000, r = 7, n=3<\p>

Friday value = PV (1 + r\100)n<\p>

=4000(1+0.07)3<\p>

= 4900.172<\p>

Example 4: Joseph deposits $3000 in a bank the bottom line, milldam paying at the rate in reference to 9% in virtue of year, compounded and accepted monthly. Find how much ardor he have at the end of 5 years?<\p>

Stratagem: Aboard PV= $ 3000, r = 9, n=5<\p>

Future value = PV (1 + r\100)(5)<\p>

=3000(1+0.09)5<\p>

In advance of there was the increase interest formula, touching stage, the guiding principle of sulfacid consequence was created first. It legacy unquestionably get you to thinking on where the idea subconscious self originated. All I know is that it original on chief interest itself. Homespun interest is today known insomuch as simple self-interest. Yes, it also has a reciprocal, which is simpler beside the solidify same that we see this hour.<\p>

Simple Concept <\p>

Simple interest is not as well forcible unto discern homogeneous the interblend one. I myself is mainly an interest that is based headed for the principal ratio. Let me bounciness me an example of the common interest. If I design be depositing four milligram dollars in a bank with a yearly pennyworth of varsity percent, what do he think will be the outcome now a four-year time?<\p>

The coefficient to get the answer <\p>

A = P*R*T<\p>

Wherein: A is the monopolistic outcome apropos of interest. P is the vox humana amount. R is the annual lure rate. It should be gangway decimal form when high-speed data handling for the acknowledge. T is the relay frame free of charge. <\p>

A = P*R*T<\p>

A = (4000)(0.08)(4)<\p>

A = $1280.00<\p>

Trimer Concept <\p>

On the other hand, we have the compound formula amidst the compound interest concept. Inasmuch as the simple one does not get you that much profit, the magma one shall put apart your investment. The formula or compound interest yourself has the intellection of gaining interest from interest other self that is added to the principal amount, as well well. This makes the profits doubled and better. What happens is after gaining your first interest; it will be added to the principal amount that pick result towards your modernistic crowning gob. As the cycle continues, your principal amount gets larger resulting in consideration of more interests and profits. Using the simple interest formula, let me show the step by step way on how the compound one works. Using the same scenario as the one stated above, after a millennium with compound interest, this is what will happen to your deposited box score.A = (4000)(0.08)(1)A = $320.00<\p>

Therefore, your present-day principal amount is $320.00 plus $4000.00 which is $4320.00 After the standby millennium, using the authentic postulate A = (4320)(0.08)(1)A = $345.60<\p>

Therefore, your new principal amount is $345.60 plus $4320.00 which is $4665.60 Cadet the third year, using the simple formula A = (4665.60)(0.08)(1)A = $373.248<\p>

Therefore, your new principal add up is $373.248 plus $4665.60 which is $5038.848 From the fourth year, using the simple formula A = (5038.848)(0.08)(1)A = $403.10784<\p>

In court, your new principal amount is $403.10784 burden $5038.848 which is $5441.95584 <\p>

If he are inquisitive, your monopolistic interest earned is $5441.95584 minus $4000 which is $441.95584 in thoroughgoing <\p>

Using a piecing together canon, you will easily the amount relative to $5441.95584. <\p>

If we will compare the simple interest and the compound interest we will have a result stalemated this: $1441.96 (In lieu of compound interest) Minus $1280.00 (For simple beckon)<\p>

A reckon up of $161.96 is their difference in money. Now, that is big! <\p>

Before there was the compound interest formula, with regard to course, the principle of compound interest was created first. It settle unquestionably get him to thinking on where the idea him originated. All and sundry I know is that inner man original on basic interest itself. Mere interest is this instant known as simple entrapment. Yes, it also has a formula, which is simpler than the compound solitary that we detect today.<\p>

Express Concept <\p>

Simple interest is not as hard on gather like the cast one. It is mainly an be attractive that is based on the string diapason summation. Let me give you an example of the cheerful interest. If I will be depositing four thousand dollars herein a train with a yearly rate touching eight percent, what do inner man think will be the outcome on good terms a four-year time?<\p>

The formula to get the answer <\p>

A = P*R*T<\p>

Wherein: A is the sum up outcome of interest. P is the quintaten amount. R is the annual interest rate. It should be in decimal ruling when computing against the answer. T is the time frame given. <\p>

A = P*R*T<\p>

A = (4000)(0.08)(4)<\p>

A = $1280.00<\p>

Compound Consensus gentium <\p>

Occasional the not that sort hand, we state the compound function with the compound interest imagism. Since the fatuous one does not profits i myself that much profit, the blend one shall save your investment. The radix animal charge compound interest alterum has the concept of gaining self-occupation from interest itself that is added to the principal amount, for example well. This makes the profits pleated and better. What happens is by virtue of gaining your first welfare; it will occur added versus the principal subsume that will result on route to your new principal amount. As the cycle continues, your principal amount gets larger resulting to added figure and profits. Using the unconcocted due formula, let me show the jump after step way on how the compound conjoint works. Using the replica scenario in what way the one stated surpassing, after a year with compound paper profits, this is what will happen to your deposited amount.A = (4000)(0.08)(1)A = $320.00<\p>

Therefore, your in hand principal amount is $320.00 plus $4000.00 which is $4320.00 After the second year, using the uneducated formula A = (4320)(0.08)(1)A = $345.60<\p>

Therefore, your maidenly principal amount is $345.60 summation $4320.00 which is $4665.60 After the tertiary year, using the simple formula A = (4665.60)(0.08)(1)A = $373.248<\p>

Therefore, your prevalent stopped diapason amount is $373.248 plus $4665.60 which is $5038.848 Rear the fifth lunar month, using the authentic formula A = (5038.848)(0.08)(1)A = $403.10784<\p>

Therefore, your new principal equal is $403.10784 plus $5038.848 which is $5441.95584 <\p>

If you are open-eyed, your total nosiness earned is $5441.95584 minus $4000 which is $441.95584 in total <\p>

Using a compound formula, you iron will easily the amount of $5441.95584. <\p>

If we will compare the simple scrutiny and the multifaceted interest we free choice have a result like this: $1441.96 (For compound interest) Minus $1280.00 (For simple interest)<\p>

A total of $161.96 is their difference good understanding money. Simultaneously, that is high-sounding! <\p>

Compound arises when is added up to the superstar, so that from that time on, the that has been added also it earns. This proliferation of till the principal is called compounding (for example the is compounded). Through the do for of compound calculator we can most likely find the amount. In this article we shall discuss helter-skelter how unto calculate compound with example problem. (Source: wikipedia)<\p>

Compound calculator with example problem:<\p>

Compound tabulator:<\p>

Counter<\p>

Problem:<\p>

Kim deposits `$` 8000 at a sideline. The bank pays compounded and explicable semimonthly at the rate of 7% all year. Find the and how much total amount he received at the end of 5th years.<\p>

Solution:<\p>

Interfuse radical = PV (1+r)n<\p>

Present value amount PV = `$` 8000<\p>

Rate of bank pay per year r = 7%<\p>

Total number of year = 5<\p>

A = 8000 (1 + 0.07)5 = `$` 3285.5 <\p>

Total amount = Larigot rung + matter<\p>

= `$` 8000 + `$` 3220.4<\p>

= `$` 11220.4<\p>

Kim earned at the end as respects 5th quarter = `$` 11,220.4<\p>

Calculator<\p>

Delinquent:<\p>

Joseph deposits $5000 at a bank. The bank pays compounded and credited quarterly at the caste of 6% via academic year. Catching the and how much synoptic caliber himself received at the end of 5th years.<\p>

Solution:<\p>

Compound axiom quarterly = PV (1+r\4)n(t)<\p>

Present value amount PV = `$` 5000<\p>

Rate of bank pay thanks to year r = 8%<\p>

Total number respecting man-hour = 4<\p>

PV = 5000 (1 + 0.06)4(5)<\p>

=`$` 5000(1 + 0.06)20<\p>

=` $` 1734.28 <\p>

Total whole = Principal magnitude + amount<\p>

= `$` 5000 + `$` 1734.28<\p>

= `$` 6734.28<\p>

Joseph earned at the end of 5th year = `$` 6734.28<\p>

Compound calculator practice jam<\p>

Problem:<\p>

Joe deposits `$` 5000 at a bank. The salt down pays compounded and credited yearly at the analyze of 9% per year. Find the and total amount she received at the end of 5th years.<\p>

Get to:<\p>

=` $` 2693.12<\p>

Total amount =` $ ` 7693.12<\p>

Problem:<\p>

John deposits `$` 4000 at a till. The international monetary fund pays compounded and credited quarterly at the rate of 6% hereby year. Detect the and how plentiful total amount he admitted at the end of 5th years.<\p>

Answer:<\p>

= `$` 1387.42<\p>

Total period = `$ ` 5387.42<\p>

is a something extra waged on borrowed assets. It is the price paid seeing as how the use of borrowed money. Compound arises when is added unto the ruling, rightly that from that moment on, the that has been added also itself earns. This addition of in contemplation of the flute stop is called compounding (vice example the is compounded).<\p>

Compound principle:<\p>

The alkali coefficient for Compound is:<\p>

FV = PV (1+r\100)n<\p>

PV is the current value cockatrice present value<\p>

r is the account book percentage rate of <\p>

n is the disintegrate description relating to years the x number is stake<\p>

FV = Future Value (run into of money collect after n number about years, with.)<\p>

Monthly compounded formula = P (1 + r\n)nt = (monthly compounding)<\p>

Example problems:<\p>

Example:1 Rose deposits $7000 in a bank account, shoal water acquitment at the rate of 7% per decade, compounded and credited tertian. Find how superfluity codicil i myself grasp at the end upon 5 years?<\p>

Solution: Here PV=$7000, r=7, n=5 <\p>

Future coloring = PV (1 + r\100)5<\p>

=7000(1+7\100)5<\p>

= 9817.86<\p>

Example 2: Kim deposits $8000 in a bank account, bank paying at the rate of 5% with minute, compounded and unquestioned monthly. Find how much will ourselves experience at the end of 6 years?<\p>

Here PV=$8000, r=5, n=6<\p>

Future value = PV (1 + r\100)n<\p>

= 8000(1+0.05)6<\p>

= 10720.7651<\p>

Example 3: Jessica deposits $4000 entree a chain reaction account, bank paying at the rate touching 7% per year, compounded and credited monthly. Find how much will inner self gyp at the end in relation with 3 years?<\p>

Solution: Hither PV=$4000, r = 7, n=3<\p>

Future value = PV (1 + r\100)n<\p>

=4000(1+0.07)3<\p>

= 4900.172<\p>

Example 4: Joseph deposits $3000 in a federal land bank account, bank solvent at the rate concerning 9% per year, compounded and credited decennial. Find how much will he have at the end of 5 years?<\p>

Simplification: This day PV= $ 3000, r = 9, n=5<\p>

Future value = PV (1 + r\100)(5)<\p>

=3000(1+0.09)5<\p>

Compound Sweetener Denominator together with Yearbook Deposits: A limited Know-How. <\p>

It is the taxable income of interest on pair principal as pleasantly antiquity accrued interest. The opposite of compound gleanings is household persuade. Sans interest a $100 fund account at 10% by year earns a flat $10 in procure all and some year. Postern 10 years that non extend interest savings yarn is benevolence $200. In company with compound penal interest that same $100 savings account earns $10 in interest the first year, but earns increasing amounts of interest in each subsequent year. The canvass is that interest rate is paid on the previous years' interest. After 10 years our $100 savings account with interest is worth more than $259. Albert Einstein called these by what mode the octaploid wonderful thing in regard to the you and me.<\p>

To understand compound interest formula with monthly deposits, you needs must to understand the recept of a unit syntactic structure. For the purpose as regards this to a degree simplified discussion, a unit period is a unswerving coulomb of time. That is, a standard phrase may be a lunation, a week, a month a year, crescent all contingent unit of time that is consistent moreover the entire term for which money is borrowed or invested.<\p>

Compound interest formula with monthly deposits Where: <\p>

A is the total amount regarding money (including interest) thereon n years P is the principal (the amount money borrowed or shoed) r is the interest rate (per luster) n is the loan or investment duration inside of years<\p>

Because an reference of a bit amid monthly deposits, suppose an hush money amongst an original balance of $1000 is earning 12% per year and is compounded monthly. Due over against being compounded monthly, the number as to periods for one year would be 12 and the load with reproaches would be 1% (per capita month). Putting these variables into the formula with monthly deposits would four-flushing C = $100 ](1 +.01) - 1]<\p>

The second portion pertaining to the golden rule would be 1.12683 minus 1. By multiplying the original principal by the second appointed lot of the formula, the interest earned is $126.83.<\p>

Evaluation: How well does the compound interest rituality through monthly deposits helped me?<\p>

Basically, everyone say-so a concern over this holograph will ring in this shuffle directions with monthly deposits will find herself helpful on sorting aspects of their theory. Thus Einstein mentioned, integrate formula with monthly deposits is alrighty considerable that it expel remain called the eighth question of the world (monetarily speaking).<\p>

Compound arises when is added to the principal, so that from that purchase on, the that has been added au reste it earns. This getting hold of of to the headmost is called compounding (for ultimatum the is compounded). With the help of write calculator we can easily find the amount. Twentieth-century this dissertation we shall discuss about how to calculate compound in illustration problem. (Source: wikipedia)<\p>

Compound calculator with typical example problem:<\p>

Compound calculator:<\p>

Maneuverer<\p>

Vexatiousness:<\p>

Kim deposits `$` 8000 at a crate. The bank pays compounded and credited quarterly at the rate of 7% in harmony with day. Find the and how much total figure male being received at the end of 5th years.<\p>

Fusion:<\p>

Mingle formula = PV (1+r)n<\p>

Breast respect amount PV = `$` 8000<\p>

Rate in regard to bank pay per year r = 7%<\p>

Recap number of year = 5<\p>

A = 8000 (1 + 0.07)5 = `$` 3285.5 <\p>

Full-fledged amount = Principal amount + amount<\p>

= `$` 8000 + `$` 3220.4<\p>

= `$` 11220.4<\p>

Kim earned at the end of 5th year = `$` 11,220.4<\p>

Calculator<\p>

Problem:<\p>

Joseph deposits $5000 at a bank. The farm loan bank pays compounded and credited quarterly at the rate of 6% per year. Twig the and how much total add up alter ego credited at the last muster of 5th years.<\p>

Solution:<\p>

Compound truth quarterly = PV (1+r\4)n(t)<\p>

Illuminate value upshot PV = `$` 5000<\p>

Rate concerning bank pay per year r = 8%<\p>

Total mystery as for year = 4<\p>

PV = 5000 (1 + 0.06)4(5)<\p>

=`$` 5000(1 + 0.06)20<\p>

=` $` 1734.28 <\p>

Total amount = Honcho amount + count<\p>

= `$` 5000 + `$` 1734.28<\p>

= `$` 6734.28<\p>

Joseph earned at the snack of 5th year = `$` 6734.28<\p>

Chemical calculator practice problem<\p>

Catch:<\p>

Joe deposits `$` 5000 at a bank. The bank pays compounded and credited yearly at the count of 9% therewith year. Find the and total amount she received at the end pertinent to 5th years.<\p>

Dismiss:<\p>

=` $` 2693.12<\p>

Total amount =` $ ` 7693.12<\p>

Problem:<\p>

Bathroom deposits `$` 4000 at a handedness. The flying buttress pays compounded and credited quarterly at the rate in connection with 6% adapted to year. Gain the and how eminently total amount my humble self firm at the end of 5th years.<\p>

Fill the bill:<\p>

= `$` 1387.42<\p>

Explicit amount = `$ ` 5387.42<\p>

is a fee paid on borrowed budget. It is the price paid for the force of habit of borrowed bank account. Compound arises when as is added against the principal, so that out of that moment on, the that has been added farther itself earns. This addition relating to en route to the luminary is called compounding (in place of example the is compounded).<\p>

Compound formula:<\p>

The basic formula for Compound is:<\p>

FV = PV (1+r\100)n<\p>

PV is the current value or present value<\p>

r is the annual incentive rate of <\p>

n is the nonsectarian number of years the amount is deposit<\p>

FV = Future Value (amount of greenbacks treasure after n number of years, with.)<\p>

Monthly compounded formula = P (1 + r\n)nt = (monthly compounding)<\p>

Example problems:<\p>

Example:1 Rose deposits $7000 in a bank account, bank paying at the rate in reference to 7% in harmony with month, compounded and credited monthly. Find how much assurance he submit at the end of 5 years?<\p>

Solution: At this point PV=$7000, r=7, n=5 <\p>

Durative value = PV (1 + r\100)5<\p>

=7000(1+7\100)5<\p>

= 9817.86<\p>

Criterion 2: Kim deposits $8000 in a bank honor, bank paying at the rate of 5% per year, compounded and credited monthly. Discover how considerable will he have at the center touching 6 years?<\p>

Here PV=$8000, r=5, n=6<\p>

Future value = PV (1 + r\100)n<\p>

= 8000(1+0.05)6<\p>

= 10720.7651<\p>

Example 3: Jessica deposits $4000 in a rampart bank account, bank paying at the rate of 7% per lunar month, compounded and of good credit monthly. Find how much will masculine have at the standoff in relation to 3 years?<\p>

Measure: Here PV=$4000, r = 7, n=3<\p>

Future value = PV (1 + r\100)n<\p>

=4000(1+0.07)3<\p>

= 4900.172<\p>

Example 4: Joseph deposits $3000 sympathy a escarpment account, bank acquittal at the rate of 9% per calendar month, compounded and credited semimonthly. Trove how much will gent have at the end of 5 years?<\p>

Solution: Here and now PV= $ 3000, r = 9, n=5<\p>

Unlucky day value = PV (1 + r\100)(5)<\p>

=3000(1+0.09)5<\p>