Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with interest compounded annually. How much will be in the account after 30 years?
Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with interest compounded annually. How much will be in the account after 30 years?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Transcribed Image Text:Suppose that a person deposits $10, 000 in a savings account at a bank yielding 11% per year
with interest compounded annually. How much will be in the account after 30 years?
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