You deposit $3000 in an account that pays 7% interest compounded semiannually. After 3 years. The interest rate is increased to 7.48% compounded quarterly . What will be the value of the account after. A total of 6 years ?
You deposit $3000 in an account that pays 7% interest compounded semiannually. After 3 years. The interest rate is increased to 7.48% compounded quarterly . What will be the value of the account after. A total of 6 years ?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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You deposit $3000 in an account that pays 7% interest compounded semiannually. After 3 years. The interest rate is increased to 7.48% compounded quarterly . What will be the value of the account after. A total of 6 years ?
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