SOLUTION: I have the answer, but I cannot figure out the steps of how to get the answer. this is the answer: A= P(1+4)ⁿ A= 10,000(1+0.06)20 = 10,000(1.06)20 ≈ 32,071.25

Algebra.Com
Question 1066536: I have the answer, but I cannot figure out the steps of how to get the answer.
this is the answer:
A= P(1+4)ⁿ
A= 10,000(1+0.06)20
= 10,000(1.06)20
≈ 32,071.25
I just cannot figure out the steps to get the answer, I have tried every possible way, I can think of it, and cannot get it.
I would appreciate your help. I hope I hear from you soon.
Thank you,
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52782)   (Show Source): You can put this solution on YOUR website!
.
Years	Money
	10000.00
1	10600.00
2	11236.00
3	11910.16
4	12624.77
5	13382.26
6	14185.19
7	15036.30
8	15938.48
9	16894.79
10	17908.48
11	18982.99
12	20121.96
13	21329.28
14	22609.04
15	23965.58
16	25403.52
17	26927.73
18	28543.39
19	30256.00
20	32071.35

Thanks to MS Windows Excel in my computer.


Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

I have the answer, but I cannot figure out the steps of how to get the answer.
this is the answer:
A= P(1+4)ⁿ
A= 10,000(1+0.06)20
= 10,000(1.06)20
≈ 32,071.25
I just cannot figure out the steps to get the answer, I have tried every possible way, I can think of it, and cannot get it.
I would appreciate your help. I hope I hear from you soon.
Thank you, 
Should be:

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