I have 19,000 put it in an account that pays 7.75 % interest compunded quarterly how much will my money be in 7 years?
I used this formula
A= P (1 + (r/h) )^4t
19000[1+(7.75/4)]^4t
19000(2.94)^4t
calced it got 1564080? right
Printable View
I have 19,000 put it in an account that pays 7.75 % interest compunded quarterly how much will my money be in 7 years?
I used this formula
A= P (1 + (r/h) )^4t
19000[1+(7.75/4)]^4t
19000(2.94)^4t
calced it got 1564080? right
Wow! I hope not.
Try 7.75% = 0.075 and give it another go.
which do I input in the calc? A or B?
Guessing is a hard business. You seem not to know that t = 7.
Please avoid unnecessary rounding. 0.0775/4 = 0.019375 NOT whatever you have written in "B".
when i type 0.0775/4 on my graphing calculator I get .02 ?!
when i graph it on a regular calulator I got what you got
I pressed mode on my Ti83 plus calculator and Under FLOAT its on 2 is it suppose to be somewhere else? 0 maybe?
yeah got it now
7 years 542307.5