Question

econ

Answer 1

i know i= 6%/4, right?

Answer 2

set \[P(1+\frac{.06}{4})^{4t}=10,000\] and solve for \(P\)

Answer 3

takes one step only, namely divide
then of course you need a good calculator

Answer 4

n= 20, right? 4x5?

Answer 5

what is n?

Answer 6

ooh i see, sorry
five years

Answer 7

numbr of periods..

Answer 8

\[P(1+\frac{.06}{4})^{20}=10,000\]

Answer 9

i got 7424.70

Answer 10

divide \(10,000\) by \((1+\frac{.06}{4})^{20}\)

Answer 11

yes, that was my first answer..

Answer 12

want me to check?

Answer 13

yes sure :)

Answer 14

yeah got the same
http://www.wolframalpha.com/input/?i=10,000%2F(1%2B.06%2F4)%5E20)

Answer 15

and i gave up knowing that my answer was too far from p= 432.46 haha

Answer 16

that is definitely 100% not right

Answer 17

there is no way on earth you invest $432 for five years and make $10,000
id be filthy rich if you could, but you cannot

Answer 18

wherever you got that answer from, it is a mistake

Answer 19

i shud stick on this answer, 7424.70..

Answer 20

from this.. https://www.scribd.com/document/94625970/Compound

Answer 21

ooh hold on

Answer 22

at the end of EACH QUARTER!!

Answer 23

yes yes that.. i thought it was annually..

Answer 24

that is a whole different formula, that i do not know

Answer 25

i tied dividing 7424 to 5 years then to 4 quarters..

Answer 26

you are investing 4 times a year for 5 years i don't know the formula for that
must be in the book soemwheres...

Answer 27

it's okay.. :)