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How do I put an equation in the exponent spot?

This is my Equation- A=500(1+.04/24)24*6

 Mar 15, 2016

Best Answer 

 #2
avatar+1491 
+4

You beat me to the punch CPhill. haha

 Mar 15, 2016
 #1
avatar+128067 
+5

Just type this:

 

500(1+.04/24)^(24*6)

 

 

cool cool cool

 Mar 15, 2016
 #2
avatar+1491 
+4
Best Answer

You beat me to the punch CPhill. haha

HighSchoolCalculus Mar 15, 2016
 #3
avatar+128067 
0

Sorry, HSC......didn't mean to steal your thunder......HAHAHA!!!

 

 

 

cool cool cool

 Mar 15, 2016
 #4
avatar
0

This is compounding interest formula. A=500(1+.04/24)24*6

But, why are you dividing the interest (4%) by 24? What does 24 represent?

 Mar 15, 2016

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