# Solve for v v=3000(((1+0.06)^20-(1+0.03)^20)/(0.06-0.03))

v=3000((1+0.06)20-(1+0.03)200.06-0.03)
Simplify the numerator.
v=30001.0620-(1+0.03)200.06-0.03
Raise 1.06 to the power of 20.
v=30003.20713547-(1+0.03)200.06-0.03
v=30003.20713547-1.03200.06-0.03
Raise 1.03 to the power of 20.
v=30003.20713547-1⋅1.806111230.06-0.03
Multiply -1 by 1.80611123.
v=30003.20713547-1.806111230.06-0.03
Subtract 1.80611123 from 3.20713547.
v=30001.401024230.06-0.03
v=30001.401024230.06-0.03
Reduce the expression by cancelling the common factors.
Subtract 0.03 from 0.06.
v=3000(1.401024230.03)
Cancel the common factor of 0.03.
Factor 0.03 out of 3000.
v=0.03(100000)1.401024230.03
Cancel the common factor.
v=0.03⋅1000001.401024230.03
Rewrite the expression.
v=100000⋅1.40102423
v=100000⋅1.40102423
Multiply 100000 by 1.40102423.
v=140102.42375434
v=140102.42375434
Solve for v v=3000(((1+0.06)^20-(1+0.03)^20)/(0.06-0.03))

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