A family decide to save some money in an account that pays 9% annual compound interest calculated at the end of each year. They put $2500 into the account at t
A family decide to save some money in an account that pays 9% annual compound interest calculated at the end of each year. They put $2500 into the account at t
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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A family decide to save some money in an account that pays 9% annual compound interest calculated at the end of each year. They put $2500 into the account at the beginning of each year. All interest is added to the account and no withdrawals are made. How much money will they have in the account on the day after they have made their tenth payment?
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