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help n=25:12=300 18. Sarah is placing $500 each quarter into a special savings account which earns 6% compounded quarterly. When she reaches $10,000 in the
help n=25:12=300 18. Sarah is placing $500 each quarter into a special savings account which earns 6% compounded quarterly. When she reaches $10,000 in the account, she will use the money for a down payment on a new car. How long will it be before Sarah has accumulated $10,000? Solution: 17.621 quarters or 4.40545 years or 4 years 148 days P=2000 FV=PV m 10,000-200(14.00 FV=10,000 I/Y=6 N=4n un pmt=8 10,000=2000 C.I. Dis 'n calculator 200D 2,000 answer-4.slo yrs 5 = (1.0154 en 5)= ln(as)" 1.609438 = 0.0148894n 0.014889 0.014889 2
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