Please help me
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What is that $13,455.78? Something? I did this and got $13,122.76. Here's how I did it:
Use this formula
where A is the ending amount, P is the starting amount, n is the number of times it compounds a year, and t is the number of years. We have all we need to set it up:
First divide and add inside the parenthesis:
then multiply the exponents:
raise the value inside the parenthesis to the power of 260:
and finally multiply to get A = $13,122.76
Use this formula
First divide and add inside the parenthesis:
then multiply the exponents:
raise the value inside the parenthesis to the power of 260:
and finally multiply to get A = $13,122.76
Dividing by a fraction is the same as multiplying by its reciprocal. (flipped version)
6 and 9 are both divisible by 3, so we can simplify 6/9 = 2/3.
We can multiply across right now, but we might as well cross cancel.
Look at the numbers diagonal from one another...-3 and 3 are both divisible by 3, so we can change them to -1 and 1...2 and 2 are both divisible by 2, so we can change them to 1 and 1...
Any fraction over 1 can just be expressed as a whole number.
Our final answer...
If you were to multiply across, (maybe you don't like cross cancelling, idk?) you'd get the same answer, of course.