Recent content by DCHomage

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    Calculating Present Value: $50 U.S. Savings Bond at 6.22% Compounded Monthly

    I used the compound interest formula and ended up with that so what did I do WRONG?
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    Calculating Present Value: $50 U.S. Savings Bond at 6.22% Compounded Monthly

    My bad...I did 50/(1+(0.0622/12))^(-12x11.167). That how I ended up with 99.96.
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    Calculating Present Value: $50 U.S. Savings Bond at 6.22% Compounded Monthly

    I did 50(1+(0.0622/12))^(12/11.167) so...is the answer $99.96?
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    Calculating Present Value: $50 U.S. Savings Bond at 6.22% Compounded Monthly

    Homework Statement A $50 U.S. Savings Bond paying 6.22% compounded monthly matures in 11 years 2 months. What is the present value of the bond? Homework Equations The Attempt at a Solution I ended up getting $50.95
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    Turning to a single logarithm then simply.

    O k...but how you simplify it?
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    Turning to a single logarithm then simply.

    Can you just show me the steps because you were missing something? Meaning that the 3log x is also a part of the problem.
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    Turning to a single logarithm then simply.

    Not really. i need to know the steps towards the answer.
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