55-56 Compound Interest An investment of $5000 is depos- ited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the invest- ment grows at the indicated times or interest rates. 56. 1 = 5 years Rate per year Amount 1% 2% 3% 4% 5% 6%
55-56 Compound Interest An investment of $5000 is depos- ited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the invest- ment grows at the indicated times or interest rates. 56. 1 = 5 years Rate per year Amount 1% 2% 3% 4% 5% 6%
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.1: Exponential Functions
Problem 55E
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