Question 1037471
You need to plot some points, {{{ V }}}, value
on the vertical axis, and {{{ t }}} time in years
on the horizontal axis
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The equation is:
{{{ V = 26600*( 1 + r )^t }}}
where {{{ r = .03 }}}
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{{{ V[0] = 26600*1.03^0 }}}
{{{ V[0] = 26600 }}}
This is the point ( 0, 26600 )
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{{{ V[1] = 26600*1.03^1 }}}
{{{ V[1] = 27398 }}}
This is the point ( 1, 27398 )
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{{{ V[2] = 26600*1.03^2 }}}
{{{ V[2] = 26600*1.0609 }}}
{{{ V[2] = 28219.94 }}}
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keep adding points and try to predict the
year, {{{ t }}} when {{{ V[t] = 53200 }}}
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Here's the actual plot up to about {{{ 35 }}} years
so you can cheat a little:
{{{ graph( 400, 400, -6, 35, -6000, 65000, 26600*1.03^x ) }}}