document.write( "Question 718506: suppose you invest 10,000 in a CD (certificate of deposit) for 4 years at an annual rate of 6.25%. what is the total amount of money you will have after the 4 years? \r
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document.write( "I've tried this equation 10,000(1+0.0625)^4 but i get an outrageous answer that im not sure works with the question, can you please help me? Thank you :) \n" );
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Algebra.Com's Answer #440919 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=10000(1.0625)^4 \n" ); document.write( "FV=10000*1.27443 \n" ); document.write( "FV=$12,744.30 \n" ); document.write( "Looks ok here. \n" ); document.write( " |