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OpenStudy (amtran_bus):
I need help with part 2!
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OpenStudy (amtran_bus):
OpenStudy (amtran_bus):
I got 17868.5 using the p(1+r/n)^nt formula, is that right?
OpenStudy (anonymous):
replace your \(12\) by \(365\) in the formula above
OpenStudy (amtran_bus):
In both parts?
OpenStudy (anonymous):
yes
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OpenStudy (amtran_bus):
I got 17868.5 and it says wrong.
OpenStudy (anonymous):
i get the same thing
OpenStudy (amtran_bus):
I think I just made a mistake. 14000(1+0.061/365)^365(12) ?
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OpenStudy (anonymous):
4, not 12
OpenStudy (anonymous):
4 years, not 12 years
OpenStudy (anonymous):
17868.46 rounded
OpenStudy (amtran_bus):
My bad.
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