10000(1+.06*12)^10*12?

How do I solve this on a (TI-30XA) calculator?

Update:

Correction to the equation: 10000(1+.06/12)^10*12

1 Answer

Relevance
  • Mitch
    Lv 7
    1 decade ago
    Favorite Answer

    Looks like you're trying to solve a future value or interest problem.

    Try typing it this way, using brackets on the exponent:

    FV = 10,000 * (1+.06/12)^(10*12)

    FV = 10,000 * (1.005)^120

    Your answer should be 18,193.9673.

    Or, you can use the calculator on Google:

    http://www.google.com/search?q=10000%281%2B.06%2F1...

    Best of luck in your studies,

    ~ Mitch ~

    .

    Source(s): Business / Accounting Major and the awesome ability to GOOGLE!
Still have questions? Get your answers by asking now.