Question

Question on pic :)

Answer 1

\[2=(1+r)^5\] is a start
but you do not need logs for this.

\[\sqrt[5]{2}=1+r\]
\[r=\sqrt[5]{2}-1\]

Answer 2

looks like about \(14.8\%\)

Answer 3

thank you!!! :) can you help me with thiss too please......

Answer 4

@satellite73

Answer 5

first one is \(2000(1.06)^{19}=6051.20\) rounded

Answer 6

Sat when your done here can you help me?

Answer 7

not sure about "current value" hold on sec maybe we can find it, but if they make 6% per year and inflation is running at 8% obviously they are losing money

Answer 8

i am going to make a guess that "current value" would be \(2000(1.08)^{19}=8631.40\) rounded

Answer 9

okay, thanks!

Answer 10

yw