Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the final amount in a word problem on compound interest Rachel deposited $4000 into an account with 5.1% interest, compounded monthly. Assuming that no withdrawals are made, how much will she have in the account after 7 years? Do not round any intermediate computations, and round your answer to the nearest cent. ?
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Transcribed Image Text:O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the final amount in a word problem on compound interest Rachel deposited $4000 into an account with 5.1% interest, compounded monthly. Assuming that no withdrawals are made, how much will she have in the account after 7 years? Do not round any intermediate computations, and round your answer to the nearest cent. ?
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