Saturday

November 22, 2014

November 22, 2014

Posted by **Thara!** on Saturday, March 20, 2010 at 4:37pm.

The correct answer is $22,352.25

but i got the wrong answer, and the formula for this question is

FV=PV(1+i/4)^4*n

- Math! -
**Thara!**, Saturday, March 20, 2010 at 4:44pmFV=3500(1+.021875/4)^4*8 i=j/m

=4167.37 =8.75%/4

=0.021875

FV=5000(1+.021875/4)^4*8

=553.40 n= mt

=(4)(2)

FV=3500(1+.021875/4)^4*8 = 8

=4167.37

FV=4500(1+.021875/4)^4*8

=5358.05

then i sum all up and i get $19,646.19 and the answer should be $22,352.25

- Math! -
**Thara!**, Saturday, March 20, 2010 at 4:44pmoh the answer is posted got mixed up!!! :-S

- Math! -
**Thara!**, Saturday, March 20, 2010 at 4:47pmi=j/m

=8.75%/4

=0.021875

n= mt

=(4)(2)

= 8

FV=3500(1+.021875/4)^4*8

=4167.37

FV=5000(1+.021875/4)^4*8

=5953.40

FV=3500(1+.021875/4)^4*8

=4167.37

FV=4500(1+.021875/4)^4*8

=5358.05

then i sum all up and i get $19,646.19 and the answer should be $22,352.25

!!!

**Answer this Question**

**Related Questions**

Math! plz help! - Rebecka borrowed $3500, 5000, 3500,& 4500 from her dad on ...

college math - 1. Rebecka borrowed $500, $5,000, $3,500, and $2,000 from her dad...

math - The Ramsey's assets are to be divided among their three children Agnessa...

Math - A 3500-seat theater sells tickets for $75 and $110. Each night the ...

math - Hi. Please help me with this?: Suppose you start a home business typing ...

math - i wanted to buy a shirt for $97 but i had no cash. I borrowed $50 from my...

algebra - A dad is now three times as old as his son, but in eleven years the ...

college - Find the future value of $3500 at 3% compounded quarterly for 2 years

Finance - shley is planning to attend college when she graduates from high ...

math - Dad baked a batch of cookies. My brother ate half my mom ate a fourth of ...