document.write( "Question 205413: compounding periods example:\r
\n" ); document.write( "\n" ); document.write( "the investment is paid at 8%, compounded quarterly, for 2 years, 1,000 investment and its future value 1171.66.\r
\n" ); document.write( "\n" ); document.write( "so i took {1+ 0.08}^4= (1.04)^4-1171.66 (((((cant type the problem right
\n" ); document.write( " over 4 on this screen)))))\r
\n" ); document.write( "\n" ); document.write( "anyway, can these formulas be done on a traditional 10 key adding machine or do i need a different calculator. i can not arrive at this answer.
\n" ); document.write( "i have multiplied, divided, subtracted, hit the wall, cursed, slapped the fridge, i just can not get the answer to come out and i think i know how to but i think i am missing a step on the term and power calc. i could sure use an explanation on how to properly arrive at the answer. thanks. \n" ); document.write( "

Algebra.Com's Answer #155047 by scott8148(6628) $\"\"$ $\"About$

You can put this solution on YOUR website!
you can get it without the power function ___ you just have to multiply several times\r
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\n" ); document.write( "\n" ); document.write( "8% compounded quarterly for two years is 8 compoundings (2 * 4) at 2% each (8% / 4)\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "(1 + .02)^8 = 1.171659... \n" ); document.write( "

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