after 5 years, you have $14,472.74 in an account that was accumulating interest at 5.5% that was compounded monthly, what was the original investment?
after 5 years, you have $14,472.74 in an account that was accumulating interest at 5.5% that was compounded monthly, what was the original investment?
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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If after 5 years, you have $14,472.74 in an account that was accumulating interest at 5.5% that was compounded monthly, what was the original investment?
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