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super_map

Question on pic :)

  • one year ago
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  1. super_map
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    • one year ago
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  2. satellite73
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    \[2=(1+r)^5\] is a start but you do not need logs for this. \[\sqrt[5]{2}=1+r\] \[r=\sqrt[5]{2}-1\]

    • one year ago
  3. satellite73
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    looks like about \(14.8\%\)

    • one year ago
  4. super_map
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    thank you!!! :) can you help me with thiss too please......

    • one year ago
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  5. super_map
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    @satellite73

    • one year ago
  6. satellite73
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    first one is \(2000(1.06)^{19}=6051.20\) rounded

    • one year ago
  7. AcidRa1n
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    Sat when your done here can you help me?

    • one year ago
  8. satellite73
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    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

    • one year ago
  9. satellite73
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    i am going to make a guess that "current value" would be \(2000(1.08)^{19}=8631.40\) rounded

    • one year ago
  10. super_map
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    okay, thanks!

    • one year ago
  11. satellite73
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    yw

    • one year ago
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