## super_map Group Title Question on pic :) 2 years ago 2 years ago

1. super_map

2. satellite73

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

3. satellite73

looks like about $$14.8\%$$

4. super_map

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

5. super_map

@satellite73

6. satellite73

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

7. AcidRa1n

Sat when your done here can you help me?

8. satellite73

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. satellite73

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

10. super_map

okay, thanks!

11. satellite73

yw