SOLUTION: =$3,000(1+0.08)^-2 Answer = $2,572 How are they getting this answer? I am reading the chapter but I am not getting it.

Algebra ->  Algebra  -> Exponents -> SOLUTION: =$3,000(1+0.08)^-2 Answer = $2,572 How are they getting this answer? I am reading the chapter but I am not getting it.       Log On

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Question 351881: =$3,000(1+0.08)^-2
Answer = $2,572
How are they getting this answer? I am reading the chapter but I am not getting it.
Answer by stanbon(57984) About Me  (Show Source):
You can put this solution on YOUR website!
$3,000(1+0.08)^-2
Answer = $2,572
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3000/(1.08)^2 = 2572.0165
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Cheers,
Stan H.