Asked by Jim

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

Please solve for x and show it step by step, thanks
Answered by R_scott
dividing ... x = 5000 / [(1+.065/4)^50]

run the numbers in your calculator
Answered by henry2,
50,000 = x(1+0.065/4)^50
50,000 = 2.2389x
X = 22,332.74.
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