document.write( "Question 580458: Hey I'm just so lost, my older sister tried helping me but she can't remember what to do. I would greatly appreciate your help! (I also greatly NEED it) hahaa By the way I'm not sure if I picked the right topic...but I tried. anyways it's bookwork it says:
\n" ); document.write( "Mrs.Boyko has a trust fund from which she withdraws 5% each year. If the fund has a value of $50,000 this year, what will be the value of the fund after 10 years? \n" ); document.write( "

Algebra.Com's Answer #371260 by josmiceli(19441) $\"\"$ $\"About$

You can put this solution on YOUR website!
This is the right place ( unless I'm in the wrong place )
\n" ); document.write( "I will say: $\"+x+=+50000+\"$
\n" ); document.write( "After 1 yr she will have:
\n" ); document.write( " $\"+x+-+.05x+\"$
\n" ); document.write( "After 2 yrs she will have
\n" ); document.write( " $\"+x+-+.05x+-+%28+.05%2A%28+x+-+.05x+%29+%29+\"$
\n" ); document.write( "After 3 yrs she will have:
\n" ); document.write( "

\n" ); document.write( "----------
\n" ); document.write( "A little too complicated. Go back to the 2nd step
\n" ); document.write( "and factor out $\"+x+-+.05x+\"$
\n" ); document.write( " $\"+x+-+.05x+-+%28+.05%2A%28+x+-+.05x+%29+%29+=+%28+x+-+.05x+%29+%2A+%28+1+-+.05+%29+\"$
\n" ); document.write( "and $\"++%28+x+-+.05x+%29+%2A+%28+1+-+.05+%29+=+x%2A%28+1+-+.05+%29%2A%28+1+-+.05+%29+\"$
\n" ); document.write( "and $\"+x%2A%28+1+-+.05+%29%2A%28+1+-+.05+%29+=+x%2A%28+1+-+.05+%29%5E2+\"$
\n" ); document.write( "A lot better
\n" ); document.write( "Now plug this into step 3 where you see $\"+x+-+.05x+-+%28+.05%2A%28+x+-+.05x+%29+%29+\"$
\n" ); document.write( "

\n" ); document.write( " $\"++x%2A%28+1+-+.05+%29%5E2+-+.05%2A%28++x%2A%28+1+-+.05+%29%5E2+%29+\"$
\n" ); document.write( "This time factor out $\"++x%2A%28+1+-+.05+%29%5E2+\"$
\n" ); document.write( " $\"+x%2A%28+1+-+.05+%29%5E2+%2A+%28+1+-+.05+%29+\"$
\n" ); document.write( " $\"+x%2A%28+1+-+.05+%29%5E3+\"$
\n" ); document.write( "-------------------
\n" ); document.write( "This is the rule. If you start with $\"+x+\"$ dollars and take out 5%
\n" ); document.write( "each year, $\"+x%2A%28+1+-+.05+%29%5En+\"$ , after n years, this is what you
\n" ); document.write( "have left, so after 10 yrs,
\n" ); document.write( " $\"+50000%2A%28++1+-+.05+%29%5E10+\"$
\n" ); document.write( " $\"+50000%2A%28.95%29%5E10+\"$
\n" ); document.write( " $\"+50000%2A.598737+\"$
\n" ); document.write( " $\"+29936.847+\"$
\n" ); document.write( "In 10 yrs, the value of the fund is $29,936.85 \n" ); document.write( "

\n" );