09.26.2019 Topic 5. DQ2.xlsx - Intrest Rate on Savings 1.34 Periodic Contribution(PMT Rate r Time t(number of years Periods n(compounding periods per

# 09.26.2019 Topic 5. DQ2.xlsx - Intrest Rate on Savings 1.34...

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Intrest Rate on Savings: 1.34% Periodic Contribution: (PMT) \$ 100.00 Rate: r 1.34% Time: t (number of years) 12 Periods: n (compounding periods per year) 2 Periodc rate: r/n \$ 0.01 Future Value: A = PMT[(1+r/n)^nt-1])/(r/n) \$ 14,925.37 How much money saved in two years ? \$ 14,925.37 How much will be interest?

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• Spring '16
• Benjamin Laird
• navy federal credit union, 1.34%, \$ 12,525.37, \$ 14,925.37, \$ 100.00 1.34

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