## anonymous 3 years ago Question on pic :)

1. anonymous

2. anonymous

$2=(1+r)^5$ is a start but you do not need logs for this. $\sqrt[5]{2}=1+r$ $r=\sqrt[5]{2}-1$

3. anonymous

looks like about $$14.8\%$$

4. anonymous

thank you!!! :) can you help me with thiss too please......

5. anonymous

@satellite73

6. anonymous

first one is $$2000(1.06)^{19}=6051.20$$ rounded

7. anonymous

Sat when your done here can you help me?

8. 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

9. anonymous

i am going to make a guess that "current value" would be $$2000(1.08)^{19}=8631.40$$ rounded

10. anonymous

okay, thanks!

11. anonymous

yw