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OpenStudy (anonymous):
50,000 (1+.05/5 )^(5*18)
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jimthompson5910 (jim_thompson5910):
50000(1+0.05/5)^(5*18) 50000(1+0.01)^(5*18) 50000(1.01)^(5*18) 50000(1.01)^(90) 50000(2.44863267464848) 122431.633732424 122431.63
jimthompson5910 (jim_thompson5910):
So 50000(1+0.05/5)^(5*18) = 122431.63 (accurate to the nearest hundredth)
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