Question

How much would $500 invested at 8% interest compounded annually be worth after 4 years? Round your answer to the nearest cent. Do not include units in your answer.

Answer 1

500*(1.08)^5

Answer 2

simple formula

Answer 3

whoops...4 not 5

Answer 4

500*(1.08)^4

Answer 5

:( got it wrong, perhaps i should have waited for u to correct ur mistake, thanks for your help though. think you could help me with the rest of my problems?

Answer 6

oh my lord. i'm sorry!

Answer 7

plz, it wasn't your fault

Answer 8

yes i can help you.