Question

Please help for some rason I am not getting the value of annuity.
Here is my problem
3000 (1+0.06)^20-1

Answer 1

\(1+.06=1.06\) and \(20-1=19\) so your job is to use a calculator to compute
\[3000(1.06)^{19}\]

Answer 2

could you show me because I cant figure it out, I come up wrong on every problem that is why I came here to see of someone could show me step by step

Answer 3

(3180)^19 right

Answer 4

satallite73 please help

Answer 5

HELP PLEASE

Answer 6

ya that should be all you need

Answer 7

how would I do that on the calculator? That is what I am lost at would be it 1.06^19 or 3000*1.06 or what

Answer 8

3000(1.06)^19

Answer 9

I got that but now I have to calculate it and I dont know how that is what I am asking

Answer 10

plug that into your calculator

Answer 11

3000*1.06=3180
so then do I do 3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180*3180?

Answer 12

plut it into your calculator exactly like i wrote it

Answer 13

i dont know how that is what I am trying to say
on the calculator

Answer 14

what key would be ^

Answer 15

http://www.wolframalpha.com/input/?i=3000%281.06%29%5E19

there you go

Answer 16

thanks nick sorry to bother you but this is killing me and i have one week left

Answer 17

not a problem

Answer 18

nick it was wrong the answer came out to be110356.77 not 9076.80