# Thread: What am I missing

1. ## 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?

2. Originally Posted by misteworld
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?

3. [quote=misteworld;179113]Problem
A=P(1+r/n)(exponent) nt

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

See here,

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

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

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

$A=9000\left(1.432044278\right)$

$A=12888.40$

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

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

See here,

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

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

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

$A=9000\left(1.432044278\right)$

$A=12888.40$

5. Thank you so much!!!!!!!!!