Calculator Solution

CIEx1a.gif (1852 bytes)

Future Value, A

3000 1.0125 24

Parentheses are not needed because exponentiation has precedence over multiplication.

Interest, I

4042.05 3000

Note: These solutions are shown for a TI-83 Plus calculator. On some other calculators (including the Windows scientific calculator), you'll need the following keystrokes:

30001.012524

4042.053000