7. How much more would $5,000 earn in ten years, compounded daily at 6%, when compared to the interest on $5,000 over ten years, at 6% compounded semiannually? (nt) B = P(1 + %3D B = p= n =

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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7. How much more would $5,000 earn in ten years, compounded daily at 6%,
when compared to the interest on $5,000 over ten years, at 6% compounded
semiannually?
Header
T (nt)
- p(1 + )
B =
B =
p =
n =
100% +
Give Fe
Transcribed Image Text:7. How much more would $5,000 earn in ten years, compounded daily at 6%, when compared to the interest on $5,000 over ten years, at 6% compounded semiannually? Header T (nt) - p(1 + ) B = B = p = n = 100% + Give Fe
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