↑ A depositor opens a new savings account with $7000 at 6% compounded semiannually. At the beginning of year 3, an additional $2000 is deposited. At the end of four years, what is the balance in the account? The balance in the account at the end of 4 years in S (Do not round until the final answer. Then round to the nearest cent as needed.)
↑ A depositor opens a new savings account with $7000 at 6% compounded semiannually. At the beginning of year 3, an additional $2000 is deposited. At the end of four years, what is the balance in the account? The balance in the account at the end of 4 years in S (Do not round until the final answer. Then round to the nearest cent as needed.)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A depositor opens a new savings account with $7000 at 6% compounded semiannually. At the beginning of year 3, an additional $2000 is deposited. At the end of four
years, what is the balance in the account?
The balance in the account at the end of 4 years is
(Do not round until the final answer. Then round to the nearest cent as needed.)
Time Remaining: 01:20 28
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Transcribed Image Text:ist
K
A depositor opens a new savings account with $7000 at 6% compounded semiannually. At the beginning of year 3, an additional $2000 is deposited. At the end of four
years, what is the balance in the account?
The balance in the account at the end of 4 years is
(Do not round until the final answer. Then round to the nearest cent as needed.)
Time Remaining: 01:20 28
Show work
Next
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