document.write( "Question 117554: T=p(1+r)^t
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document.write( "9 1/2=8000(1+8%)^9 1/2\r
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Algebra.Com's Answer #85606 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! I think you're trying to set up a Future Value problem. \n" ); document.write( "for a prinicipal, p, at rate, r, for t periods. \n" ); document.write( "The capital T and small t are not the same. \n" ); document.write( "Usually its written like this, \n" ); document.write( " \n" ); document.write( "where FV is the future value of an investment. \n" ); document.write( "Your example then becomes \n" ); document.write( " \n" ); document.write( "and simplifying \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So, if you invest $8,000 at a rate of 8%, in 9 1/2 years, the investment will be worth $16,619.41. \n" ); document.write( " |