SOLUTION: A=2500(1+0.046)30 How do I work the Little #30? I can get this far. A=2,500(1.046)30
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-> SOLUTION: A=2500(1+0.046)30 How do I work the Little #30? I can get this far. A=2,500(1.046)30
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Question 228671
:
A=2500(1+0.046)30
How do I work the Little #30? I can get this far.
A=2,500(1.046)30
Answer by
jim_thompson5910(35256)
(
Show Source
):
You can
put this solution on YOUR website!
Using a calculator, we can compute
to get
(type in 1.046 ^ 30 into your calculator). Note: this value is approximate.
So
Now just multiply 2500 and 3.854344 to get 9635.86 (which is also approximate).
So
which means that
Overall, this tells us that