Tutors Answer Your Questions about Exponential-and-logarithmic-functions (FREE)
Question 436863: Find the future value of an initial investment of $5,000 invested at 7% compounded annually, for 25 years.
the formula is: FV=PV(1+i)^n when
FVn is the Futer value of the investment after n years
Pv is the initial amount of the investment
i is the interest rate.
n is the length of the investment, in years.
I have set the equation up like this
FVn= 5,000(1+7%)^25
FVn=5,000(1+0.07)^25
FVn=5,000(1.07)^25
Is this the correct set up?
Now I know since I have the 25 exponent, I have to multiply the 1.07 times itself 25 times, can someone help me from that step. I do not have a scientific calculator so I really need assistance with the multiplication of the exponent and the solution to the problem.
thank you in advance for your assistance
Click here to see answer by stanbon(75887) |
Question 436863: Find the future value of an initial investment of $5,000 invested at 7% compounded annually, for 25 years.
the formula is: FV=PV(1+i)^n when
FVn is the Futer value of the investment after n years
Pv is the initial amount of the investment
i is the interest rate.
n is the length of the investment, in years.
I have set the equation up like this
FVn= 5,000(1+7%)^25
FVn=5,000(1+0.07)^25
FVn=5,000(1.07)^25
Is this the correct set up?
Now I know since I have the 25 exponent, I have to multiply the 1.07 times itself 25 times, can someone help me from that step. I do not have a scientific calculator so I really need assistance with the multiplication of the exponent and the solution to the problem.
thank you in advance for your assistance
Click here to see answer by mananth(16946)  |
Question 436896: How would I solve this problem?
Graph the equations of the system. Then solve the system to find the points of intersection.
y = x to the power of 2 - 6x + 9
y = -x + 3
Do I need to find the intersections first before I can graph?
Thank you very much for your help.
Click here to see answer by MathLover1(20850)  |
Question 437539: Use the approximate doubling time formula (rule of 70) for the case described below. Discuss whether the formula is valid for the case described:
An economic indicator is increasing at the rate of 7% per year. What is the doubling time? By what factor will the indicator increase in 3 years?
Thank you.
Click here to see answer by stanbon(75887) |
Question 438096: I am trying to do logarithmic equations and is having a difficult time finding a solution. Please help.
The problems are:
Problem #1: log(base3)x = 2 log(base3)3 + log (base3)5
Problem #2: log(base5)(x^2-9) = 4
Click here to see answer by lwsshak3(11628) |
Question 438992: (4/3)^1-x =5^x
Please show me how to solve this showing all steps. I tried taking the ln of both sides and ended up with x=.47, which is wrong. I know the answer is x=0.15, but am not sure how to get there. Below I will show my original work done so you can see that I have tried, even though I am certain it is incorrect.
(4/3)^1-x=5^x
(1-x) ln4/3=x ln5
ln4/3-(ln4/3)x=(ln5)x
x= ln4/3 =.47
___________
ln5 + ln4/3
Click here to see answer by stanbon(75887) |
Question 439529: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6% (Interest Rate), t = 18 (yrs), n= 2 (Compounded SemiAnnual). What is the future value of the investment?
Click here to see answer by Gogonati(855)  |
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