Question

dcxvcv

Answer 1

compound it for 6 months

Answer 2

so what does that mean?

Answer 3

you have a compound interest formula right?

Answer 4

no what is it?

Answer 5

you may need to review your material ....

Answer 6

$5,166.51 that's what I got

Answer 7

thats possible, the question is how would you arrive at that solution?

Answer 8

4,531 multiplied by .02654

Answer 9

then added on to the 4531

Answer 10

well, that results doesnt end up with that solution

4531*.02654 = 120.25; which added back in is about 4700

Answer 11

5166 is correct tho: the formula would amount to\[B(1+\frac r{12})^{12*1/6}\]

Answer 12

I think I reworded it worng but
thank you!

Answer 13

good luck :)

Answer 14

thanks :)