7. Suppose that in 1880, one of your ancestors invested $46 compounded semi-annually at 6.5%. If this money were left to you, how much would you have had at the end of 1997? Round to the nearest dollar. [show all work]
7. Suppose that in 1880, one of your ancestors invested $46 compounded semi-annually at 6.5%. If this money were left to you, how much would you have had at the end of 1997? Round to the nearest dollar. [show all work]
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
Problem 27PS
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