Not sure if your the same person but I had already done the work for this problem....
Step-by-step explanation:
- On the Y-axis where the 2 is you go 3 to the right and put your point right there above the 3.
- There you have your answer on the graph.
Answer:
$ 157838.60 in 5 years
Step-by-step explanation:
r = 1.06
sum of geometric seq = a1 ( 1-r^n)/(1-r) n = 5
28000 ( 1 - 1.06^5) / ( 1-1.06) = 157838.60
