document.write( "Question 178323: Please help! This is my last assignment and I'm having trouble! Below the paragraph is what I attempted. \r
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document.write( "Take the current amount you have in your checking or savings account. Suppose you have a choice of keeping your money for five years in a savings account with a 2% interest rate, or in a five year certificate of deposit with and interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with continuous compounding.\r
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document.write( "The amount of money in my saving is account is 5,326.00.\r
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document.write( "A=5,326(1+2%)5
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document.write( "A=?\r
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document.write( "A=5,326(1+4.5%)5
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document.write( "A=?
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Algebra.Com's Answer #133283 by cartert(27)![]() ![]() ![]() You can put this solution on YOUR website! First you need to do Distributive property. \n" ); document.write( "an easy way to do this is PEMDAS.\r \n" ); document.write( "\n" ); document.write( "Turn the 2% in to .02 \n" ); document.write( "A=5,326(1+.02)5 \n" ); document.write( " 5,326(1.02)5 \n" ); document.write( "so multiply 5,326(1.02) \n" ); document.write( "then multiply the answer of the ? above by 5 and u will have A=\r \n" ); document.write( "\n" ); document.write( "Turn 4.5 into .045 \n" ); document.write( "A=5,326(1+.045)5 \n" ); document.write( " 5,326(1.045)5 \n" ); document.write( "so multiply 5.326(1.045) \n" ); document.write( "then multiply the answer of the ? above by 5 and u will have A= \n" ); document.write( " |