What am I missing

**misteworld** · August 27th 2008, 01:34 PM

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?

**RanDom** · August 27th 2008, 03:03 PM

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?

Clarify what you're asking for... What does the question ask exactly?

**Shyam** · August 27th 2008, 08:05 PM

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

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

See here,

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

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

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

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

$A=12888.40$

**Shyam** · August 27th 2008, 08:12 PM

[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,

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

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

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

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

$A=12888.40$

**misteworld** · August 28th 2008, 07:30 AM

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

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