Question

I have the equation 50000 = x(1+.065/4)^50

Please solve for x and show it step by step, thanks

Answer 1

dividing ... x = 5000 / [(1+.065/4)^50]

run the numbers in your calculator

Answer 2

50,000 = x(1+0.065/4)^50
50,000 = 2.2389x
X = 22,332.74.