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That is the present value of $\$ 100$ paid a year from now and another $\$ 100$ paid two years from now if the interest rate is $i$ ? $\mathbf{A}$...

Question

That is the present value of $\$ 100$ paid a year from now and another $\$ 100$ paid two years from now if the interest rate is $i$ ? $\mathbf{A}$

That is the present value of $\$ 100$ paid a year from now and another $\$ 100$ paid two years from now if the interest rate is $i$ ? $\mathbf{A}$



Answers

In the formula $A(t)=P\left(1+\frac{r}{n}\right)^{n \pi}$ for compound interest the letters $P, r, n,$ and $t$ stand for _____, ______, ______, and ______,respectively, and $A(t)$ stands for ______. So if $\$ 100$ is invested at an interest rate of 6$\%$ compounded quarterly, then the amount
after 2 years is ______.


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