Question

Can someone help me solve this problem

Answer 1

\[M=(3,650)\frac{ 0.0125(1+0.0125)^{12(2)} }{ (1+0.0125)^{12(2)}-1 }\]

Answer 2

3650*0.0125/-1 = 45.625

Answer 3

the next step would be this\[M=(3,650)\frac{ 0.0125(1.0125)^{24} }{ (1.0125)^{24}-1 }\]

Answer 4

yes, and (1.0125)^24 once cancel eachother

Answer 5

\[M=(3,650)\frac{ 0.0125(1.3474) }{ (1.3474)-1 }\]

Answer 6

the answer is 176.98. But I don't know how to get this answer. I got this problem from an example.

Answer 7

multiply 0.0125 by 1.3474 then multiply what every u got by (3,650) then divide it by 0.3474 and that will give u 176.98

Answer 8

i got 175.95 close enough though

Answer 9

0.0125 *1.3474*3,650 = 61.475125

61.475125/0.3474 = 176.957757628

Answer 10

Thank you

Answer 11

ur welcome