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tiawanad
Group Title
FUTURE OF VALUE OF ANNNUITY
A1=4000
I=.08
N=5
4000(1+.081)/.08
 one year ago
 one year ago
tiawanad Group Title
FUTURE OF VALUE OF ANNNUITY A1=4000 I=.08 N=5 4000(1+.081)/.08
 one year ago
 one year ago

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tkhunny Group TitleBest ResponseYou've already chosen the best response.2
So, \(1.08^{5} = 1.4693280768\) Now what?
 one year ago

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
do 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
 one year ago

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

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
divide that by 1.08
 one year ago

tkhunny Group TitleBest ResponseYou've already chosen the best response.2
Sorry, 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.
 one year ago

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
5.86660095
 one year ago

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
on the calculator how did you get the answer for 1.08^5
 one year ago

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

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
so now what do I do
 one year ago

tkhunny Group TitleBest ResponseYou've already chosen the best response.2
Mutiply by 4000 and you are done.
 one year ago

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
now you have 4000(5.86660095) I got 23466.78 and it said it was wrong
 one year ago

tkhunny Group TitleBest ResponseYou've already chosen the best response.2
I would try 23466.40. Not sure how you manged 0.78.
 one year ago

tiawanad Group TitleBest ResponseYou've already chosen the best response.0
got 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
 one year ago

tkhunny Group TitleBest ResponseYou've already chosen the best response.2
Can 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.
 one year ago
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