37. Use the given formulas, find the balance A when $10,000 is invested at 2% rate for 10 years and compounded n times per year. nt A = P 1+ A = Pet a) n=2 b) n=4 c) Continuously

Algebra & Trigonometry with Analytic Geometry
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ISBN:9781133382119
Author:Swokowski
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Chapter2: Equations And Inequalities
Section2.1: Equations
Problem 75E
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37. Use the given formulas, find the balance A when $10,000 is invested at 2% rate for 10 years and
compounded n times per year.
nt
A = P 1+-
A = Pet
a) n=2
b) n=4
c) Continuously
Transcribed Image Text:37. Use the given formulas, find the balance A when $10,000 is invested at 2% rate for 10 years and compounded n times per year. nt A = P 1+- A = Pet a) n=2 b) n=4 c) Continuously
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