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A=1085.16
T=3
r=.06
monthly, so n=12
this will give you the starting amount.
(A-P)/12 will give monthly interest.
1085.16=P(0)e^.06(12*3)
1085.16=P(0)e^.06(36)
P(0)=1085.16/(e^2.16)
P(0)=$126.16
Solution
A=1085.16
T=3
r=.06
monthly, so n=12
this will give you the starting amount.
(A-P)/12 will give monthly interest.
1085.16=P(0)e^.06(12*3)
1085.16=P(0)e^.06(36)
P(0)=1085.16/(e^2.16)
P(0)=$126.16

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A=1085.16 T=3 r=.06 monthly, so n=12 this will give you t.pdf

  • 1. A=1085.16 T=3 r=.06 monthly, so n=12 this will give you the starting amount. (A-P)/12 will give monthly interest. 1085.16=P(0)e^.06(12*3) 1085.16=P(0)e^.06(36) P(0)=1085.16/(e^2.16) P(0)=$126.16 Solution A=1085.16 T=3 r=.06 monthly, so n=12 this will give you the starting amount. (A-P)/12 will give monthly interest. 1085.16=P(0)e^.06(12*3) 1085.16=P(0)e^.06(36) P(0)=1085.16/(e^2.16) P(0)=$126.16