kenbaby
please helpppp
Kelly invested $1875 in a savings account which earns 3.35% interest compounded quarterly. What will the account be worth in 7 years?
$3,292.34
$1,987.72
$4,717.31
$2,368.20
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kenbaby
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@NaCl
NaCl
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Use this M=P(1+(i)/(n))^(n*t)
NaCl
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M=1875(1+(0.0335)/(4))^(4*7) = ?
kenbaby
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how do i do ^ on a calculator
NaCl
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lol you dont !
NaCl
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and tell me what you get @kenbaby
kenbaby
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@NaCl
NaCl
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2,368.20 is your answer
kenbaby
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I got that too :) thank you!
NaCl
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yw :D