MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A record store owner discovered an uncashed royalty check made out to Joe Cobain. The check, dated in March 6 1991, was written for the amount of $26.57. If Mr. Cobain had deposited his payment into a savings account and just left it there, how much would that $26.57 be worth after 31 years? Assume the account earned an annual interest rate of 6%.
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