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anonymous

  • one year ago

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  1. anonymous
    • one year ago
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    I'm not sure if that's right.

  2. anonymous
    • one year ago
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    I'm trying to figure this out let me see...

  3. jim_thompson5910
    • one year ago
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    Use the formula \[\Large A = P\left(1+\frac{r}{n}\right)^{nt}\]

  4. jim_thompson5910
    • one year ago
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    oh sorry, you want continously compounded interest, so you use this one instead \[\Large A = Pe^{rt}\]

  5. anonymous
    • one year ago
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    okay

  6. anonymous
    • one year ago
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    hm looked at my book again and I got 448.30

  7. jim_thompson5910
    • one year ago
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    yeah I'm getting 448.30084995368 which rounds to 448.30. Nice work

  8. anonymous
    • one year ago
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    so I would just put down 448? and leave out the 30 then

  9. jim_thompson5910
    • one year ago
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    oh right, to the nearest dollar. Yes correct

  10. anonymous
    • one year ago
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    thanks for your help! :)

  11. jim_thompson5910
    • one year ago
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    no problem

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spraguer (Moderator)
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is replying to Can someone tell me what button the professor is hitting...

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