a. Zadia placed $800 in a savings account which pays 6% interest compounded annually. At the end of 5 years she will have in her account. b. The future value interest factor which can be used to compute Zadia's interest is $1040 $1070.40 5.6371 1.338

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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a. Zadia placed $800 in a savings account which pays 6% interest compounded
annually. At the end of 5 years she will have
in her account.
b. The future value interest factor which can be used to compute Zadia's interest is
$1040 $1070.40 5.6371
1.338
Transcribed Image Text:a. Zadia placed $800 in a savings account which pays 6% interest compounded annually. At the end of 5 years she will have in her account. b. The future value interest factor which can be used to compute Zadia's interest is $1040 $1070.40 5.6371 1.338
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