The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years). If $552$552 is invested at 9%9%, how much money will be in the account after 2121 months? Round your answer to two decimal places if necessary.
The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years). If $552$552 is invested at 9%9%, how much money will be in the account after 2121 months? Round your answer to two decimal places if necessary.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
ChapterB: Differential Calculus Techniques In Management
Section: Chapter Questions
Problem 7E
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The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).
If $552$552 is invested at 9%9%, how much money will be in the account after 2121 months? Round your answer to two decimal places if necessary.
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