+171
1000(1 +0.092512)(12*42)=47947.33
What is the answer? and how to solve the problem and the show the caculation?
+118609 1000(1 +0.092512)(12*42)
Just type it in straight like that! Only don't leave any spaces
1000(1+0.092512)(12*42) = 550626.048
your answer is incorrect :/
To get the answer that you are seeking, it should be written like this:
1,000 x (1 + 0.092512/12)^(12*42) =
1,000 x (1.007709333....)^504 =
1,000 x 47.971314.......=
=$47,971.31 - This is the FV of $1,000 earning 9.2512%compounded monthly for 42 years!!. Your answer, however, is still wrong, if that is what you are trying to calculate. We are only speculating on what you are trying to do!.
