What amount 12 months ago is equivalent to $2,900, 2½ years

from now if money earns 4.50% compounded monthly during the

intervening time?

Thank you!

Printable View

- October 30th 2008, 09:11 PMSk9934compound interest problem
What amount 12 months ago is equivalent to $2,900, 2½ years

from now if money earns 4.50% compounded monthly during the

intervening time?

Thank you! - October 31st 2008, 03:42 AMBoboStrategyRe: compound interest
Here's a hint:

Then solve for x.