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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
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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anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0Okay 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. :)

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0thats what i got but my book is giving me a totally different answer :(

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0hey 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
 4 years ago
Best ResponseYou've already chosen the best response.0Well what answer is given in the book?

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0maybe your book has 3.87X10^5??

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0I think they used (1+.07)^2 as (a+b)^2 then the answer is different.

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0Nevermind, its ^20 not 2 sorry.

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0You sure you're on the right question? :P

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0ima 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
 4 years ago
Best ResponseYou've already chosen the best response.0Sure thing, post the attachment.

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0im trying to solve for FP

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0LOL 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
 4 years ago
Best ResponseYou've already chosen the best response.0ure question is wrong what abt power1,2,3...ya use a financial calculator

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0Try this, might help: http://www.youtube.com/watch?v=Lv5wrl1YvwM

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0okay well thank you for trying…guess ill just drop out of college and become a Hobo lol JK! LOOKS LIKE no sleep tonight!

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0Yeah 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
 4 years ago
Best ResponseYou've already chosen the best response.0I will and nice call on the link! thanks again!
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