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20 votes
$450,000/1.07^2What doe the 1.07 ^ 2 mean?

User Cory Shaw
by
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1 Answer

13 votes
13 votes

Answer:


(450,000)/(1.07^(2))=393,047.43

Explanation:

1.07 ^ 2 means that the number 1.07 is squared, then divide $450,000 by 1.07 squared:


(450000)/(1.07^2)=393,047.43

User Jabclab
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2.6k points