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$15.00 Bus Math

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gaf1996
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I need some help ASAP

 
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Preview: ...        A 1 =75000(1 5/(100*4)) 4*2                                                          A 1= 82,836.4576                         Bank 2 :           A = p(1 r/(100n)) nt                                                         A 2=75000(1 5/(100*365)) 365*2                                      A 2 = 82,887.2511 Therefore, bank 2 offers A 2-A 1 = 82,887.2511 - 82,836.4576 = 50.7935 more than bank 1.      Given: A= $ 17,500     t= 2 years    r=5%   n=2 Reqired:  p=? Solution:                  A = p(1 r/(100n)) nt                  P = A/(1 r/(100n)) nt                  P = 17500/(1 5/(100*2)) 2*2                            P = 15,854.3214 Essay:  There a ...
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