document.write( "Question 154204: P = (N/r)( 1 - (1 + r)-n )\r
\n" ); document.write( "\n" ); document.write( "P = (20000/0.05)( 1 - (1 + 0.05)^-20 )
\n" ); document.write( " = 400000(1 - .37689) = $249,244
\n" ); document.write( "This is the formula and the solution. Can someone PLEASE tell me how they did (1-(1+0.05)^-20) and reached the .37689.\r
\n" ); document.write( "\n" ); document.write( "I am desparate and no one has answered the last 2 questions I have posted. Am I posting in the wrong area?
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Algebra.Com's Answer #113525 by Earlsdon(6294)\"\" \"About 
You can put this solution on YOUR website!
Evaluate:
\n" ); document.write( "\"%281-%281%2B0.05%29%5E%28-20%29%29+=+%281-%281.05%29%5E%28-20%29%29\"=\"%281-0.37689%29+=+0.62311\" and...
\n" ); document.write( "\"%28400000%29%2A%280.62311%29+=+249244\"
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