Question

Can I please get a Step-by-Step instructions on how the answer is $1,952,296.00.
I dont know how to plug this equation in with normal or scientific calculator.

Thank you so much for your time

Subtract in the denominator. +5500 (1.08) 35 - (1.06135 V=55001 0.02 Continue to evaluate the right side of the equation using the correct order of operations. V $1,952,296 (Rounded to the nearest integer.) The future value of the inflation-adjusted retirement account is $1,952,296.

Answer 1

Answer :

$V = 5500\left [ (1.08^{35}-10.66^{35})/0.02 \right ]$$\left [ (1.08^{35}-10.66^{35})/0.02 \right ]$

First solve the bracket part and then multiply the bracket part with the remaining part.

$V = 5500\left [ 14.78534-7.68609/0.02 \right ]$

V = 5500 17.09926/0.02

$V = 5500\left [ 3540963 \right ]$

The equation is also solved diretly by using scientific calculator which is given in the attached file,please go through that.Hope this helps.

5500 ((1.0835 - 1.0635) = 0.02) 1952295.8131 sin cOS tan Deg O Rad sin-1 cos-1 tan-1 TT е xY 3 X ex 10% Ух 3 x Vx In log ( ( ) 1/x % n! 7 8 9 + Back 4 5 6 Ans 1 2 3 M+ 0 EXP M- + RND = MR