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

- anonymous

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

- schrodinger

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- anonymous

calculator

- 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

thats what i got but my book is giving me a totally different answer :(

- 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

Well what answer is given in the book?

- anonymous

maybe your book has 3.87X10^5??

- anonymous

I think they used (1+.07)^2 as (a+b)^2 then the answer is different.

- anonymous

9,439.29

- anonymous

~.~

- anonymous

Lol okay hold on.

- anonymous

Nevermind, its ^20 not 2 sorry.

- anonymous

You sure you're on the right question? :P

- 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

Sure thing, post the attachment.

- anonymous

k give me a sec plz!

- anonymous

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- anonymous

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- anonymous

im trying to solve for FP

- 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

ure question is wrong what abt power1,2,3...ya use a financial calculator

- anonymous

Try this, might help:
http://www.youtube.com/watch?v=Lv5wrl1YvwM

- 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

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

I will and nice call on the link! thanks again!

- anonymous

No problem.

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