Hector invests $800 in an account that earns 6.91% annual interest compounded semiannually. Rebecca invests $1,000 in an account that earns 5.43% annual interest compounded monthly. Find when the value of Rebecca's investment equals the value of Hector's investment and find the common value of the investments at that time. If necessary, enter the year to the nearest tenth and the value to the nearest cent. The value of Rebecca's investment equals the value of Hector's investment after approximately years to the nearest tenth. The common value of the investments is approximately $

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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13.4 Compound Interest - HL (5-8,10,15)
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Hector invests $800 in an account that earns 6.91% annual interest compounded semiannually. Rebecca
invests $1,000 in an account that earns 5.43% annual interest compounded monthly. Find when the value
of Rebecca's investment equals the value of Hector's investment and find the common value of the
investments at that time. If necessary, enter the year to the nearest tenth and the value to the nearest
cent.
The value of Rebecca's investment equals the value of Hector's investment after approximately
years to the nearest tenth. The common value of the investments is approximately $
Transcribed Image Text:https://my.hrw.com/dashboard/ x O WorldWideTestbank Viewer A my.hrw.com/wwtb/api/viewer.pl Personal Math Trainer n 13.4 Compound Interest - HL (5-8,10,15) ASO HMH 2 3. 4 Question Example Step by Step Hector invests $800 in an account that earns 6.91% annual interest compounded semiannually. Rebecca invests $1,000 in an account that earns 5.43% annual interest compounded monthly. Find when the value of Rebecca's investment equals the value of Hector's investment and find the common value of the investments at that time. If necessary, enter the year to the nearest tenth and the value to the nearest cent. The value of Rebecca's investment equals the value of Hector's investment after approximately years to the nearest tenth. The common value of the investments is approximately $
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