anonymous
  • anonymous
can someone walk me thru the steps to solve this problem 100,000=x/(1+.07)^20
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
calculator
anonymous
  • anonymous
?
anonymous
  • anonymous
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. :)

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More answers

anonymous
  • anonymous
thats what i got but my book is giving me a totally different answer :(
anonymous
  • anonymous
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!
anonymous
  • anonymous
Well what answer is given in the book?
anonymous
  • anonymous
maybe your book has 3.87X10^5??
anonymous
  • anonymous
I think they used (1+.07)^2 as (a+b)^2 then the answer is different.
anonymous
  • anonymous
9,439.29
anonymous
  • anonymous
~.~
anonymous
  • anonymous
Lol okay hold on.
anonymous
  • anonymous
Nevermind, its ^20 not 2 sorry.
anonymous
  • anonymous
You sure you're on the right question? :P
anonymous
  • anonymous
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….
anonymous
  • anonymous
Sure thing, post the attachment.
anonymous
  • anonymous
k give me a sec plz!
anonymous
  • anonymous
1 Attachment
anonymous
  • anonymous
1 Attachment
anonymous
  • anonymous
im trying to solve for FP
anonymous
  • anonymous
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 :(
King
  • King
ure question is wrong what abt power1,2,3...ya use a financial calculator
anonymous
  • anonymous
Try this, might help: http://www.youtube.com/watch?v=Lv5wrl1YvwM
anonymous
  • anonymous
okay well thank you for trying…guess ill just drop out of college and become a Hobo lol JK! LOOKS LIKE no sleep tonight!
anonymous
  • anonymous
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.
anonymous
  • anonymous
I will and nice call on the link! thanks again!
anonymous
  • anonymous
No problem.

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