super_map
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super_map
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anonymous
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\[2=(1+r)^5\] is a start
but you do not need logs for this.
\[\sqrt[5]{2}=1+r\]
\[r=\sqrt[5]{2}-1\]
anonymous
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looks like about \(14.8\%\)
super_map
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thank you!!! :) can you help me with thiss too please......
super_map
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@satellite73
anonymous
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first one is \(2000(1.06)^{19}=6051.20\) rounded
AcidRa1n
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Sat when your done here can you help me?
anonymous
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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
anonymous
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i am going to make a guess that "current value" would be \(2000(1.08)^{19}=8631.40\) rounded
super_map
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okay, thanks!
anonymous
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yw