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OpenStudy (anonymous):
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.
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OpenStudy (anonymous):
500*(1.08)^5
OpenStudy (anonymous):
simple formula
OpenStudy (anonymous):
whoops...4 not 5
OpenStudy (anonymous):
500*(1.08)^4
OpenStudy (anonymous):
:( 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?
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OpenStudy (anonymous):
oh my lord. i'm sorry!
OpenStudy (anonymous):
plz, it wasn't your fault
OpenStudy (anonymous):
yes i can help you.
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