Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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A) Allison wants to save money for a vacation she's planning on taking in 6 years. she deposits $15 regularly every weekinto a savings account that earns 1.7% per year compounded weekly. What is the total amount in the account after 6 years?
B) how much interest did she earn on the account?
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- Suppose you want to have $700000 retirement in 20 years. Your account earns 10% interest. A) How much would you need to deposit in the account each month? B) How much interest would you earn?arrow_forwardKevin used his credit card to pay $2544 for a holiday. The interest rate for the creditcard is 18.75%, compounded daily. Kevin plans to make monthly payments of $200.a) When will Kevin have paid off the balance in full? b) How much interest will he have paid?arrow_forwardYou would like to have $700,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 2.9% compounded quarterly? a) How much should you deposit each quarter? b) How much total money will you put into the account? c) How much total interest will you earn?arrow_forward
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