Question

find the value of the annuity. The question is: 3000 ((1+0.10)^20-1/0.10) I have no idea how to do it any other way. I need help figuring out how to find the answer to this problem as quickly as possible please. I know where to plug in the numbers, just do not know how to solve.

Answer 1

i dont see any thing you need to plug in...
have you tried using a calculator yet?

Answer 2

thats where i am having problems, i'm not sure how to do it on the calcualtor

Answer 3

well if you have a graphing calculator, input it as it is shown

if you dont, then do it step by step by using pemdas

Answer 4

do what

Answer 5

What do u mean

Answer 6

order of operations
parenthesis first
exponents
multiplication
division
addition
subtraction

Answer 7

oh ok, i have a graphics calculator but don't know how to use it, and I have tried to do it like it says in MML but I do not come up with the same answer. what am i doing wrong here? i am so dang confused n getting aggravated big time

Answer 8

meh ill put it into my calculator
well assuming what you have shown me is correct, i got -9817.5

Answer 9

thank you. I'm sorry i'm being like this towards u all but i'm just trying to figure out how to do this dang problem n cant figure it out n its got me really upset. how did u do that on the calcualtor anyhow?

Answer 10

what version is your calculator? model

Answer 11

T1-81

Answer 12

Texan Instruments

Answer 13

hm older but it looks like it still has the same functions as my 84

well just put that into your calculator and hit enter

Answer 14

step-by-step please, i'm a dummy with this thing

Answer 15

^ means power

remember that all parenthesis needs to be closed

Answer 16

well do you see the ( and ) button?

Answer 17

ytes

Answer 18

ok first press clear

Answer 19

ok

Answer 20

and press 2nd+quit
to get out of any programs you might be in

Answer 21

ok

Answer 22

you should have a blank screen

press 6000, then (, then (, then 1+0.10, etc

Answer 23

once you type it all in, you hit enter

Answer 24

if you want to store variables, you type the number, press sto->, then press alpha+"letter/variable you want to assign the value to"

Answer 25

if you want to use something like the sqrt, you need to press 2nd + the x^2 button

Answer 26

graphing calculators are quite easy to use, just play around with it if you have time

if you need to graph stuff, press the y= button

Answer 27

ok dinner time, good luck

Answer 28

thank you very much for all of your help and have a good dinner and nite! :)