dividing ... x = 5000 / [(1+.065/4)^50]
run the numbers in your calculator
I have the equation 50000 = x(1+.065/4)^50
Please solve for x and show it step by step, thanks
2 answers
50,000 = x(1+0.065/4)^50
50,000 = 2.2389x
X = 22,332.74.
50,000 = 2.2389x
X = 22,332.74.