Can someone please show me how to solve this:
Being a smart financial planner, you want to figure out how many months it will be until your principal is paid down to $10,000.00. Solve for t and show all of your work. Note that t will be negative because the number of months will decrease the principal.

Question

Can someone please show me how to solve this: 
Being a smart financial planner, you want to figure out how many months it will be until your principal is paid down to $10,000.00. Solve for t and show all of your work. Note that t will be negative because the number of months will decrease the principal.

anonymous · Answer

The equation is: $$A(t)=39,145(1+\frac{ .03 }{ 12 })^{12(t)}$$