You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly. The balance after 8 years is $
You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly. The balance after 8 years is $
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the
interest is compounded quarterly.
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