Need some help, guys. I'n an online math exam right now. Here's the question:
>How much does it cost to borrow $750 for three years at 5% interest, compounded quarterly?
I know the A=P(1+x/x)X.X forimular, but it says quarterly. Would that be a 32, or a 3(years) or...???
We've done very similar questions but this one is worded differently.
Picture unrelated.
>How much does it cost to borrow $750 for three years at 5% interest, compounded quarterly?
I know the A=P(1+x/x)X.X forimular, but it says quarterly. Would that be a 32, or a 3(years) or...???
We've done very similar questions but this one is worded differently.
Picture unrelated.
