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tiawanad
 3 years ago
FUTURE OF VALUE OF ANNNUITY
A1=4000
I=.08
N=5
4000(1+.081)/.08
tiawanad
 3 years ago
FUTURE OF VALUE OF ANNNUITY A1=4000 I=.08 N=5 4000(1+.081)/.08

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tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2So, \(1.08^{5} = 1.4693280768\) Now what?

tiawanad
 3 years ago
Best ResponseYou've already chosen the best response.0do not know what I need to do next could you walk me step by step on this so then I will know the right way to figuring this out

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2That's what I'm doing. The next things would be to subtract 1. 1.4693280768  1 = 0.4693280768 What's next?

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2Sorry, this server and my firewall are not getting along and I haven't been able to make them more friendly. Not quite. There is not "1" in the denominator. It's just 0.08. divide by that.

tiawanad
 3 years ago
Best ResponseYou've already chosen the best response.0on the calculator how did you get the answer for 1.08^5

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2That is right. You must find the exponent key. Usually \(x^{y}\).

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2Mutiply by 4000 and you are done.

tiawanad
 3 years ago
Best ResponseYou've already chosen the best response.0now you have 4000(5.86660095) I got 23466.78 and it said it was wrong

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2I would try 23466.40. Not sure how you manged 0.78.

tiawanad
 3 years ago
Best ResponseYou've already chosen the best response.0got it thanks so much now I understand how to do this, my book was not giving me good information and would stop in the middle of the process thanks so much

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.2Can I ask you another difficult question before you get away? It's about whether or not you have the right prerequisites for this course? If you don't want to go there, that's fine.
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