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
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?