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P=A(l+r)^-n explain the cost in the trip which is $4500.00 the rate is %5

label Algebra
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schedule 0 Hours
account_balance_wallet $5

P=A(l+r)^-n (Present value formula)

the cost of my trip is $4500.00

it will take 12 years

the rate is 5%

How can i solve this equation?

May 19th, 2015

A=$4500, n=12 years, r=5%=0.05

Plug them in, you can solve it now. 

May 19th, 2015

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May 19th, 2015
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May 19th, 2015
Jun 24th, 2017
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