Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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Suppose that you deposit $9000 into a Certificate of Deposit (CD) today. The deposit earns 5% interest compounded
monthly.
(a) How long will it be before the account is worth $12000?
(b) How long will it be before the account is worth $18000? That is, how long will you have to wait until your money
doubles?
(a) t = years
(Round to the nearest tenth as needed.)
ew an example Textbook
Clearan
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Transcribed Image Text:Suppose that you deposit $9000 into a Certificate of Deposit (CD) today. The deposit earns 5% interest compounded monthly. (a) How long will it be before the account is worth $12000? (b) How long will it be before the account is worth $18000? That is, how long will you have to wait until your money doubles? (a) t = years (Round to the nearest tenth as needed.) ew an example Textbook Clearan
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