3 years ago

Need help finishing problem 27.

1 answer:

5 0

It looks as though the formula is right there.
Total = 1,000 * (1 +[.0925/12])^12*42
Total = 1,000 * (1.00770833333333)^504 
Total = 1,000 * 47.9473276233 
Total = 47,947.33

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