So i've done this problem 3 different times and I still can't get the right answer. any help would be appeciated. You invest 10,000 dollars at 4.5\% interest. What is in your account after 20 years... (a) if compounded annually? (b) if compounded monthly. for a this is what hat i did:
\[10,000(1+\frac{ 0.045 }{ 1 })^{1*20}\]
which gave me 24,117.14 but it says i am wrong
for monthly i did the same thing except I had the 12 in there and my answer was 24,544.66
That honestly looks correct to me. I am not sure. :/ I checked your calculations and it looks like you entered everything correctly. Are you sure you have the question correct?
yeah. i just copy and pasted the question
How many decimal places were required for the answers?
it doesn't say.
check the detailed requirement, be it decimal places, rounding off etc...check n make sure u entered d right values cuz with d info u've provided, ur answer should be correct
There is a back slash before the % sign in your question. This is wrong and could indicate there is a problem with the question.
thanks. I think i'll probably hit up my professor during office hours and see what's up
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