Question 228671
Using a calculator, we can compute {{{(1.046)^30}}} to get {{{(1.046)^30=3.854344}}} (type in 1.046 ^ 30 into your calculator). Note: this value is approximate.


So {{{2500(1.046)^30=2500*3.854344}}}



Now just multiply 2500 and 3.854344 to get 9635.86 (which is also approximate).



So {{{2500(1.046)^30=2500*3.854344=9635.86}}} which means that {{{2500(1.046)^30=9635.86}}}



Overall, this tells us that {{{2500(1+0.046)^30=9635.86}}}