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$2,000 * (1 - (1 + 0.05)^-1040) / 0.05

$2,000 * (1 - (1 + 0.05)^-1040) / 0.05
asked 144k views
1 vote
$2,000 * (1 - (1 + 0.05)^-1040) / 0.05

asked
User Kuruchy
by
8.5k points

1 Answer

0 votes

Answer:

$40,000

Explanation:

(1/0.05)^-1040 = 0

2,000/0.05 = 40,000

answered
User Ben Noland
by
7.5k points
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