Question

Evaluate the following expression for P = 7000, r = 7%, k = 4, and n = 12.

kn
kn
***
= 9754.70.
(Do not round until the final answer. Then round to two decimal places as needed.

Answer 1

To evaluate the expression kn with given values, substitute them into the expression and perform the necessary calculations.

Step-by-step explanation:

To evaluate the expression kn given P = 7000, r = 7%, k = 4, and n = 12, you can substitute the given values into the expression. kn = 4 imes 12 = 48. Now, you can substitute this result into the expression again: kn = 48. Finally, to calculate the final answer, multiply this result by P: kn = 48 imes 7000 = 336,000. However, please note that this calculation does not match the given result of 9754.70, so there may be an error in the provided expression or values.

Learn more about Evaluating expressions with given values