2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A = P(I+5jnt %3D 957.9983 A = 100 (+:082X4) 2.2, %3D 700-000O A = 957.9983 257.9983 $258 compound interest earned rounded: $258
2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A = P(I+5jnt %3D 957.9983 A = 100 (+:082X4) 2.2, %3D 700-000O A = 957.9983 257.9983 $258 compound interest earned rounded: $258
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Is this solution correct?
![2. Find the compound interest earned for $700 at 8% compounded semiannually for
4 years.
A= P(I+)"
A = 700(1+:082X4)
,
yexy
957.9983
700-000
2.2
A=D957.9983
257.9983
$258 compound interest
earned
rounded : $258](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F29b25716-5eb6-4537-b644-b049114aff43%2Ff64d5bf7-8eff-4410-8c95-1cb252827cd1%2Fytfb7u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. Find the compound interest earned for $700 at 8% compounded semiannually for
4 years.
A= P(I+)"
A = 700(1+:082X4)
,
yexy
957.9983
700-000
2.2
A=D957.9983
257.9983
$258 compound interest
earned
rounded : $258
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