lswimstar
Carrie deposited $5,288.73 into a savings account with an interest rate of 2.3% compounded quarterly. About how long will it take for the account to be worth $8,000?
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lswimstar
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I got 18 years, but how many months?
lswimstar
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This is what I got for an answer: 18.04574388
lswimstar
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With that number I have to find the month(s).
lswimstar
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|dw:1363034154772:dw|
beautiful_ladie
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Do you want me to help yhu?
lswimstar
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That would be great.
beautiful_ladie
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okay..just a sec.
lswimstar
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Okay, thanks.
beautiful_ladie
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I believe you take $5,288.73 and divide it by 2.3% then subtract it from 8000
lswimstar
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No that is wrong. I know that much.