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anonymous

  • 4 years ago

can someone walk me thru the steps to solve this problem 100,000=x/(1+.07)^20

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  1. anonymous
    • 4 years ago
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    calculator

  2. anonymous
    • 4 years ago
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    ?

  3. anonymous
    • 4 years ago
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    Okay so, 100,000 can be written as 100 x 10^3 in scientific notation. So then, 100x10^3 = x/(1.07)^20 By calculation, (1.07)^20 gives you some value such as 3.869 So, 100,000 x 3.869 = x 386968.44=x Final answer. :)

  4. anonymous
    • 4 years ago
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    thats what i got but my book is giving me a totally different answer :(

  5. anonymous
    • 4 years ago
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    hey this is kinda a life of death situation right now, do u think i can call u so u can actually explain it to me, i have to get this down like Asap!

  6. anonymous
    • 4 years ago
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    Well what answer is given in the book?

  7. anonymous
    • 4 years ago
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    maybe your book has 3.87X10^5??

  8. anonymous
    • 4 years ago
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    I think they used (1+.07)^2 as (a+b)^2 then the answer is different.

  9. anonymous
    • 4 years ago
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    9,439.29

  10. anonymous
    • 4 years ago
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    ~.~

  11. anonymous
    • 4 years ago
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    Lol okay hold on.

  12. anonymous
    • 4 years ago
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    Nevermind, its ^20 not 2 sorry.

  13. anonymous
    • 4 years ago
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    You sure you're on the right question? :P

  14. anonymous
    • 4 years ago
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    ima take a pic of the problem…its a financing problem but im just really BAD at math so i think its a simple math thing that im messing up on….

  15. anonymous
    • 4 years ago
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    Sure thing, post the attachment.

  16. anonymous
    • 4 years ago
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    k give me a sec plz!

  17. anonymous
    • 4 years ago
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    1 Attachment
  18. anonymous
    • 4 years ago
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    1 Attachment
  19. anonymous
    • 4 years ago
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    im trying to solve for FP

  20. anonymous
    • 4 years ago
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    LOL You never wrote the question like it is a question with a formula. Well you must apply those formulas whenever there are question like that: You need to use a Financial Calculator, sorry not so sure about those ones :(

  21. King
    • 4 years ago
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    ure question is wrong what abt power1,2,3...ya use a financial calculator

  22. anonymous
    • 4 years ago
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    Try this, might help: http://www.youtube.com/watch?v=Lv5wrl1YvwM

  23. anonymous
    • 4 years ago
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    okay well thank you for trying…guess ill just drop out of college and become a Hobo lol JK! LOOKS LIKE no sleep tonight!

  24. anonymous
    • 4 years ago
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    Yeah well I am not so good at Commerce lol and yeah keep trying, but they're ought to have the PMT function formula and how to use it using a calculator somewhere in your book. Look around.

  25. anonymous
    • 4 years ago
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    I will and nice call on the link! thanks again!

  26. anonymous
    • 4 years ago
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    No problem.

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