Question

help please?


Find the value of the annuity.
a[1]=$3000, I=0.06, n=20

Answer 1

What is the formula?

Answer 2

S[n]=a[1] AND inside brackets is (1+I)^n-1 OVER I

Answer 3

the best way I can write the formula

Answer 4

@Mertsj

Answer 5

\[s _{n}= a _{1}(1+I)^{\frac{n-1}{I}}\]

Answer 6

So is that the correct formula?

Answer 7

its that formula, but the line is inside the parenthesis with the i on the bottom

Answer 8

\[S _{n}=3000(1+.06)^{\frac{20-1}{.06}}\]

Answer 9

I guess I don't know what you mean when you say the line is inside the parentheses.