Using 8% ,Calculate the total amount of investing $5000 at the end of each year for a period of 10 years?

2013-12-08 5:13 pm
Using 8% as a basis ,Calculate the total amount of investing $5000 at the end of each year for a period of 10 years, followed by $10000 at the end of each year for a period of 10 years, and finally $15000 at the end of each year for another 10years

what is the step to calculate this?

i think it is wrong to add them together
更新1:

Sorry, but It is not a compound interest question :)

回答 (2)

2013-12-08 5:19 pm
✔ 最佳答案
y=5000(1.08^x)
y=10000(1.08^x)
y=15000(1.08^x)

x is the number of years and y is the answer. Plug each yr in x and solve for y. This would be REALLY easy if you had a graphing calculator. At the top left, click on the bottom [y=] and put in the equation. Then click on the button that says [table]. And there will be a table of values. :) Hope this helps.
參考: Oh ok.... Well idk what it is then :P sry..
2013-12-09 1:20 am
why is it wrong to add them together? what else would you do? its 24,000


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