SOLUTION: a=2000[(1+.05)^20-1] ___________ _____ .05 i get it but i dont i also need to round to the nearest doller and find the intrest

Algebra ->  Finance -> SOLUTION: a=2000[(1+.05)^20-1] ___________ _____ .05 i get it but i dont i also need to round to the nearest doller and find the intrest       Log On


   

Question 205247This question is from textbook thinking mathematically
: a=2000[(1+.05)^20-1]
_________________
.05
i get it but i dont i also need to round to the nearest doller and find the intrest
 This question is from textbook thinking mathematically

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
a = [2000[(1+.05)^20-1]]/.05
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a = [2000[2.6532977-1]]/0.05
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a = [2000[1.6532977]/0.05
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a = $66,131.91
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Cheers,
Stan H.