The compound interest formula is in the next textbox, where R is the future value...
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Algebra
The compound interest formula is in the next textbox, where R is the future value of the investment, r is the annual interest rate (as a decimal), n is the number of times interest is compounded each year, t is the number of years the principle is invested, and P is the principle which represents the original amount of money invested.Mary invested $1000 at 5% annual interest in an account that compounds interest 4 times peryear. If she kept her money in the account for 5 years, how much will her future value be? P(1 + r)nt = RI don't know.$11,057.33$1,250.00$2413.16$5,254.73$1,525.47$1,282.04
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