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OpenStudy (anonymous):
Carrie deposited $5,288.73 into a savings account with an interest rate of 2.3% compounded quarterly. About how long will it take for the account to be worth $8,000?
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OpenStudy (anonymous):
I got 18 years, but how many months?
OpenStudy (anonymous):
This is what I got for an answer: 18.04574388
OpenStudy (anonymous):
With that number I have to find the month(s).
OpenStudy (anonymous):
|dw:1363034154772:dw|
OpenStudy (anonymous):
Do you want me to help yhu?
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OpenStudy (anonymous):
That would be great.
OpenStudy (anonymous):
okay..just a sec.
OpenStudy (anonymous):
Okay, thanks.
OpenStudy (anonymous):
I believe you take $5,288.73 and divide it by 2.3% then subtract it from 8000
OpenStudy (anonymous):
No that is wrong. I know that much.
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