Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $8,000 is invested for 17 years with an APR of 3.89% and monthly compounding. The balance in the account after 17 years is $ (Round to the nearest cent as needed.)
Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $8,000 is invested for 17 years with an APR of 3.89% and monthly compounding. The balance in the account after 17 years is $ (Round to the nearest cent as needed.)
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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The balance in the account after 17 years is $
(Round to the nearest cent as needed.)
>
Use the appropriate compound interest formula to compute the balance in the account after the stated period of time
$8,000 is invested for 17 years with an APR of 3.89% and monthly compounding.
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