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Math Help - What am I missing

  1. #1
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    What am I missing

    Problem
    A=P(1+r/n)(exponent) nt

    A=9000(1+.06/12) (exponent) 12 x 6


    How do I solve this problem. Round to the neareth hundreth. I've been trying for 30 minutes with no luck. Can someone please show me the work and help?
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  2. #2
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    Quote Originally Posted by misteworld View Post
    Problem
    A=P(1+r/n)(exponent) nt

    A=9000(1+.06/12) (exponent) 12 x 6


    How do I solve this problem. Round to the neareth hundreth. I've been trying for 30 minutes with no luck. Can someone please show me the work and help?
    Clarify what you're asking for... What does the question ask exactly?
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  3. #3
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    [quote=misteworld;179113]Problem
    A=P(1+r/n)(exponent) nt

    A=9000(1+.06/12) (exponent) 12 x 6

    See here,

    A=9000\left(1+\frac{0.06}{12}\right)^{12X6}

    A=9000\left(1+0.005\right)^{72}

    A=9000\left(1.005\right)^{72}

    A=9000\left(1.432044278\right)

    A=12888.40
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  4. #4
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    [quote=Shyam;179270]
    Quote Originally Posted by misteworld View Post
    Problem
    A=P(1+r/n)(exponent) nt

    A=9000(1+.06/12) (exponent) 12 x 6

    See here,

    A=9000\left(1+\frac{0.06}{12}\right)^{12X6}

    A=9000\left(1+0.005\right)^{72}

    A=9000\left(1.005\right)^{72}

    A=9000\left(1.432044278\right)

    A=12888.40
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  5. #5
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    Smile

    Thank you so much!!!!!!!!!
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