SOLUTION: http://i1142.photobucket.com/albums/n608/nancylam67/Page379-1.jpg
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I Appreciate spend time help my home work
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Question 444724: http://i1142.photobucket.com/albums/n608/nancylam67/Page379-1.jpg
I Appreciate spend time help my home work Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! 1st Update:
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Balance = ({1000[(1+r)^3+(1+r)^2+(1+r)]+1200}[(1+r)^2+(1+r)]+2000)](1+r))
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Balance = [([{1000(1.06)^3+(1.06)^2+(1.06)+1200][(1.06)^2+(1.06)]+2000](1.06)
= [[3914.62][(1.06)^2+(1.06)]+ etc.
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= 8547.96 + 2000 etc.
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= 10547.96(1.06)
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= $11,180.84
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Cheers,
Stan H.
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