anonymous
  • anonymous
Question on pic :)
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
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anonymous
  • anonymous
\[2=(1+r)^5\] is a start but you do not need logs for this. \[\sqrt[5]{2}=1+r\] \[r=\sqrt[5]{2}-1\]
anonymous
  • anonymous
looks like about \(14.8\%\)

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anonymous
  • anonymous
thank you!!! :) can you help me with thiss too please......
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anonymous
  • anonymous
@satellite73
anonymous
  • anonymous
first one is \(2000(1.06)^{19}=6051.20\) rounded
anonymous
  • anonymous
Sat when your done here can you help me?
anonymous
  • anonymous
not sure about "current value" hold on sec maybe we can find it, but if they make 6% per year and inflation is running at 8% obviously they are losing money
anonymous
  • anonymous
i am going to make a guess that "current value" would be \(2000(1.08)^{19}=8631.40\) rounded
anonymous
  • anonymous
okay, thanks!
anonymous
  • anonymous
yw

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