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p=(1+.08/12)raised to 12*7 what is p?

 Aug 14, 2014

Best Answer 

 #2
avatar+129898 
+5

p =(1+.08/12)raised to 12*7

p = (1+.08/12)^84   ≈ 1.7474

 

 Aug 14, 2014
 #1
avatar+4473 
+5

p = ((1+0.08)/12)^(12*7)

p = 0.

 

OR

 

p = (1+(0.08/12))^(12*7)

p = 1.7474220514295052.

 

Remember, parentheses are important and can change answers dramatically!

 Aug 14, 2014
 #2
avatar+129898 
+5
Best Answer

p =(1+.08/12)raised to 12*7

p = (1+.08/12)^84   ≈ 1.7474

 

CPhill Aug 14, 2014

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