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# Algebra/Algebra

Question
I am stuck on a math problem, I have been working on it for hours.

A=6000(1+0.04/12)^12*8

It says to simplify.

That problem is asking for the result of 4% interest over 8 years.

I assume it should really be A=6000(1+0.04/12)^(12*8).
If this were not so, then the *8 could be moved out front to makes 48,000(1+0.04/12)^12.

That is, A=6000(1+0.01/3)^96, which is 6000(1.0033333333...)^96.
This can be done in Excel as =6000*(1+0.01/3)^36.

The answer I get is \$8,258.37.

Algebra

Volunteer

#### Scott A Wilson

##### Expertise

Any algebraic question you've got. That includes question that are linear, quadratic, exponential, etc.

##### Experience

I have solved story problems, linear equations, parabolic equations. I have also solved some 3rd order equations and equations with multiple variables.

Publications
Documents at Boeing in assistance on the manufacturiing floor.

Education/Credentials
MS at math OSU in mathematics at OSU, 1986. BS at OSU in mathematical sciences (math, statistics, computer science), 1984.

Awards and Honors
Both my BS and MS degrees were given with honors.

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Students in a wide variety of areas since the 80's; over 1,000 of them have been in algebra.