Question

Can someone explain how to do #5 for me? Answer is suppose to be $1510.59

Answer 1

\[A=1000e ^{8*1/4*5}\]

Answer 2

So far that's what i got. The exponents are 8*1/4*5

Answer 3

actually its 8.25*5

Answer 4

\[A=1000e ^{8.25*5}\]

Answer 5

this is the general formul\[p(1+i/n)^{n}\]

Answer 6

i got that so far but it comes out to be a really huge number compared to the books answer

Answer 7

hm let me plug it in btw the books answer is $1510.59

Answer 8

whats i in the equation and is that an r?

Answer 9

yes

Answer 10

then what's i?

Answer 11

i is the rate

Answer 12

ah ok

Answer 13

so the last part of the equation is i/r^r?

Answer 14

I was given these equations from the book

Answer 15

I think i'm suppose to use the first one considering the 2nd equation was used in the last section

Answer 16

Neither of them are making any sense :(

Answer 17

i am trying them if i get the answer i will tell u

Answer 18

thank you <3

Answer 19

I GOT IT

Answer 20

you had to convert 8.25 into a decimal

Answer 21

.0825 * 5 = 0.4125

Answer 22

2.71828^0.4125=1.51058... then you mulitply it by a 1000 to get $15109.59

Answer 23

atleast u understnd it