] You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent p
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Our equation looks like:
This means that we will need to distribute. This means that we need to multiply everything inside the parenthesis by the number outside of the parenthesis. (<em>Note: you only distribute when variables are involved.)</em>
Simplify:
We cannot simplify any further, so we know that our equation, until we know what x equals, is .