The formula is A= P(1+r/n) to the power nt
According to this formula we calculate p= A/ (1+r/n) to the power nt.
According to this p= 2500(1+5/100)to the power 8
= 1692
2. According to the above formula hereA= 15000
P=1000
n= 1
t= 5
The rate of return is 71.87% per yr.
Question 16 (4 points) If you can earn 5 percent per year, compounded annually, in order...
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