00 %24 John James lent Mel Karras $8,000 to open a pottery shop. Mel will repay John at the end of five years with interest, compounded quarterly, at 8%. How much will John receive at the end of five years? (Round your answer to the nearest cent.) John receive at the end of five years < Prevm 7 of 11 dy f12 insert f5 114 f4 CA f2 米 & backs $4 4. %23 5. 7. 2. 33 pause N ctrl

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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00
%24
John James lent Mel Karras $8,000 to open a pottery shop. Mel will repay John at the end of five years with interest, compounded
quarterly, at 8%. How much will John receive at the end of five years? (Round your answer to the nearest cent.)
John receive at the end of five years
< Prevm
7 of 11
dy
f12
insert
f5
114
f4
CA
f2
米
&
backs
$4
4.
%23
5.
7.
2.
33
pause
N
ctrl
Transcribed Image Text:00 %24 John James lent Mel Karras $8,000 to open a pottery shop. Mel will repay John at the end of five years with interest, compounded quarterly, at 8%. How much will John receive at the end of five years? (Round your answer to the nearest cent.) John receive at the end of five years < Prevm 7 of 11 dy f12 insert f5 114 f4 CA f2 米 & backs $4 4. %23 5. 7. 2. 33 pause N ctrl
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