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Discrete Math 26 Online
OpenStudy (tyler444):

help

OpenStudy (mynameisnemo):

:) hello what do you need help with?

OpenStudy (tyler444):

The amount to which $5,000 would grow in ten years at 6% compounded quarterly. $5,802.70 $8,954.24 $9,070.09 $51,435.90

OpenStudy (mynameisnemo):

oh, there it is one second

OpenStudy (mynameisnemo):

well it's quarterly, so how many is that yearly?

OpenStudy (tyler444):

4 times a year

OpenStudy (mynameisnemo):

and how many years total?

OpenStudy (mynameisnemo):

brb

OpenStudy (tyler444):

10

OpenStudy (mynameisnemo):

back, yeah 10

OpenStudy (mynameisnemo):

so 4 times a year for 10 years, 4*10

OpenStudy (mynameisnemo):

@tyler444 whats 10*4?

OpenStudy (tyler444):

40

OpenStudy (mynameisnemo):

ok 40, good

OpenStudy (mynameisnemo):

so on your chart, 6% interest 40 times is what?

OpenStudy (tyler444):

240

OpenStudy (mynameisnemo):

Which answer do you think it is, I can only help with the more common math aspect as I havent taken the class that you are taking, what class is it?

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