Suppose $4000 is deposited in an account that pays 4% per year compounded semi-annually. Find (a) the compound amount at the end of 6 years. (b) the total interest earned during the 6 years period. (Round the answers to 2 decimal places.) (а) (b) Done
Suppose $4000 is deposited in an account that pays 4% per year compounded semi-annually. Find (a) the compound amount at the end of 6 years. (b) the total interest earned during the 6 years period. (Round the answers to 2 decimal places.) (а) (b) Done
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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