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 #155050 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
It really helps if you have a Scientific or Business Calculator that you can perform funtions with exponents. Get a Texas Instrument for about $15.
\n" ); document.write( "FV=P(1+r/n)^nt
\n" ); document.write( "FV=1000(1+.08/4)^4*2
\n" ); document.write( "FV=1000(1+.02)^8
\n" ); document.write( "FV=1000(1.02)^8
\n" ); document.write( "FV=1000*1.171659
\n" ); document.write( "FV=1171.66
\n" ); document.write( " \n" ); document.write( "
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