Quantcast

A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

super_map

  • 2 years ago

Question on pic :)

  • This Question is Closed
  1. super_map
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    1 Attachment
  2. satellite73
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

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

  3. satellite73
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    looks like about \(14.8\%\)

  4. super_map
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

    1 Attachment
  5. super_map
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    @satellite73

  6. satellite73
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

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

  7. AcidRa1n
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Sat when your done here can you help me?

  8. satellite73
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    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
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

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

  10. super_map
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    okay, thanks!

  11. satellite73
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    yw

  12. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.