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lswimstar

  • 3 years ago

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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  1. lswimstar
    • 3 years ago
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    I got 18 years, but how many months?

  2. lswimstar
    • 3 years ago
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    This is what I got for an answer: 18.04574388

  3. lswimstar
    • 3 years ago
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    With that number I have to find the month(s).

  4. lswimstar
    • 3 years ago
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    |dw:1363034154772:dw|

  5. beautiful_ladie
    • 3 years ago
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    Do you want me to help yhu?

  6. lswimstar
    • 3 years ago
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    That would be great.

  7. beautiful_ladie
    • 3 years ago
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    okay..just a sec.

  8. lswimstar
    • 3 years ago
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    Okay, thanks.

  9. beautiful_ladie
    • 3 years ago
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    I believe you take $5,288.73 and divide it by 2.3% then subtract it from 8000

  10. lswimstar
    • 3 years ago
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    No that is wrong. I know that much.

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