the same account (an
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Maria doesn’t have that kind of money…she decides instead, that she will take the $15,000 inheritance from her cousin and invest it in the same account (an investment that is paying 8% interest compounded semi-annually).
How much will be in her account in 45 years?
A) $478,806.74
B) $511,790.00
C) $84,747.28
D) $423,054.21
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