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I DO NOT UNDERSTAND HOW TO MULTIPLIN WHAT IS IN MY PERENTHESSE BY THE POWERS MY PROBLEM IS A= 8350(1+0.052/12)^10*12

 Dec 5, 2019
 #1
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A= 8350(1+0.052/12)^10*12

 

A=8350(1 + 0.0043333)^120

A=8350(1.0043333)^120

A=8350(1.6801391)

A=$14,029.16

 Dec 5, 2019
 #2
avatar+108626 
+1

8350(1+0.052/12)^10*12

 

Should be written as    8350(1+0.052/12)^(10*12)

 

 

The brackets around the 10*12 are important.   

Otherwise you would just take the power of 10   AND THEN   multiply by 12 afterwards

 

So what guest has done is most likely what you wanted   BUT  it is not what you wrote.

 Dec 6, 2019

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