alculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.) P = $1600, r = 5% compounded semiannually, t = 12 years
alculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.) P = $1600, r = 5% compounded semiannually, t = 12 years
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.)
P = $1600, r = 5% compounded semiannually, t = 12 years
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