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OpenStudy (anonymous):
Can someone tell me if I got this one question right?
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OpenStudy (anonymous):
$3,600 principal earning 4%, compounded annually, after 7 years
OpenStudy (anonymous):
$58,982,400.00 $4,608.00 $4,737.35 ,<--My Choice $26,208.00
jimthompson5910 (jim_thompson5910):
you are correct 3600(1+0.04/1)^(1*7) = 4,737.35440524902 = 4,737.35
OpenStudy (anonymous):
Thanks(:
jimthompson5910 (jim_thompson5910):
you're welcome
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