SOLUTION: $100x(1+.08)^5-1/.08

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Question 1064338: $100x(1+.08)^5-1/.08
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This is 100{1.08^5)-1}/.08. Note the parentheses and brackets.
$586.66 is the result.
You should raise 1.08^5, then subtract 1, multiply by 100, then divide by 0.08