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Compound Interest Reviewer and Interactive Calculator

YOU deposit $ into an investment account that guarantee to pay an annual interest rate of % and compounded times annually . How much money will you have in your investment account at the end of year?
ANSWER

The initial pattern for solving this type of problem is remembering the formula. Next mastering how to use your personal online calculator. Now you have your tool for computational thinking. You can do quick analysis. For example you can adjust your deposit to 5000, the rate to 0.5%, compounded bi-annually, n=2, the year to 10 years. Tip do not enter comma symbol because you will get an error message of NaN, meaning Not a Number data entry.