Answer:
689 / 1000 is the answer
Step-by-step explanation:
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Answer:
$27,014.85
Step-by-step explanation:
We're gonna use the compound interest formula: P = A(1 + r/n)^nt
P = final amount
A = starting amount (10,000)
r = rate (0.05)
n = times applied (4 since it's quarterly)
t = years (20)
P = 10,000(1 + 0.05/4)^4*20
P = 10,000(1.0125)^80
P = 27,014.84940753337
Round it to just 27,014.85
0.0000009
.9 times 10 is 9, so then you have to move it back -6 times behind the decimal.
