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helpidkwhatimdoingwrong
Questions (1)
P= $12,000, r=5, t=10 1/2 (which I then converted into 21/2), compounded monthly
According to my textbook the formula is A=
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Answers (1)
Oh wait. I did the equation in the wrong order. I am supposed to start with 1+0.05/4 then the answer^42 then multiply that by 12,000. Nevermind. Foolish mistake.