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OpenStudy (anonymous):
i only need help doing #3
@jim_thompson5910
OpenStudy (anonymous):
A(t) = 39,145[(1+ 0.03/12)1/4]^(4)(12)(-45.5)
what i have so far
jimthompson5910 (jim_thompson5910):
the pic doesn't match the problem
OpenStudy (anonymous):
sooo im completely wrong lol just start over then?
jimthompson5910 (jim_thompson5910):
did you post the wrong pic?
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OpenStudy (anonymous):
oops i did....
jimthompson5910 (jim_thompson5910):
you meant to say this right?
\[\Large A = P\left[ \left(1+\frac{r}{n}\right)^{\frac{1}{c}} \right]^{cnt}\]
\[\Large A = 39145\left[ \left(1+\frac{0.03}{12}\right)^{\frac{1}{4}} \right]^{4*12*t}\]
OpenStudy (anonymous):
yes and for t i had -45.5
jimthompson5910 (jim_thompson5910):
t is time in years
how is time negative?
OpenStudy (anonymous):
idk but my teacher said that answer was right..
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OpenStudy (anonymous):
my biggest prob is solving 1.00025^1/4 because i dont have a calculator