Asked by Help me pls

A person wants to buy a rare coin because he believes it will increase in value within a year. He plans to get a loan to buy the coin, at 5.7% compounded monthly. He plans to make to make a single payment of $3500 at the end of 5 years. What is the greatest amount of money that he can borrow?

A) 3035.67
B) 125.77
C) 2633.83
D) 2646.34
Answered by Scott
3500 = x [1 + (.057 / 12)]^(12 * 5)
Answered by Help me pls
I don’t have a calculator on me to do that forumula
Answered by Scott
there is a calculator built into windows

C...if you're still wondering
Answered by Writeacher
Scott is right. If you have a computer with Windows on it and/or if you have a smart phone, you have access to at least one calculator! Have you found them yet?
Answered by Damon
I just typed into Google search engine:

3500/(1+(.057/12))^60=

and hit enter and it said:

2633.83.....
Answered by Scott
google, huh ... wow
Answered by Damon
That is a pretty quick way to do such things if you do not have your calculator handy :)
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