Captinblack invested some money at 10% compounded quarterly at the end of three years his investmenthad grown to $2488.05. Find the initial investment. My answer is $1850.00 thanks for checking.

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- July 10th 2006, 10:37 AMkwtolleyFind the initial investment?
Captinblack invested some money at 10% compounded quarterly at the end of three years his investmenthad grown to $2488.05. Find the initial investment. My answer is $1850.00 thanks for checking.

- July 10th 2006, 12:44 PMRich B.
Greetings Kwtolley:

I have but one word to utter in response to your work here today...__Perfect__! :)

Enjoy,

Rich B. - July 10th 2006, 01:22 PMSoroban
Hello, kwtolley!

Quote:

Captain Blackbeard invested some money at 10% compounded quarterly.

At the end of three years his investmenthad grown to $2488.05.

Find the initial investment.

My answer is $1850.00

I assume you used a variation of : .

Then: .

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

It's hard to see your work from here . . .

It looks like you played the instead of the .

Then you transposed to the key of instead of .

Lucky for you, the two errors canceled out.

- July 11th 2006, 08:59 AMkwtolleyright answers
So most of my answers from yesterday are right. or some are right. thanks fo looking at my answers.