How much did he originally invest?

Calculus
Tutor: None Selected Time limit: 1 Day

Jul 10th, 2015

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Amount, A = $25,628.15

Time, t = 5 years

Rate of interest, r = 6% = 0.06

Number of times interest is compounded per year, n = 12

Principal, P = ?


The compound interest formula is given by



ANSWER:  Principal, P = $19000

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Jul 10th, 2015

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