Find A using the formula A=Pe^rt given the values below. Round to the nearest hundreth

Question

P=33,991

r=-3%

t=29 years

Answer 1

956606.01

 

-3% = -0.03

 

e^(-0.03) = exp(-0.03) = 0.970446

 

Multiplying that be 29 years gives roughly 28 and 1/7 = 28.14292....

 

Finally multiplying that by the principal gives the answer 956606

and LESS than a penny