A couple needs $12,136.31 as a down payment for a home. If they invested the $5,000.00 they have at 6% compounded semi-annual, how long will it take for the money to grow into $12,136.31?
A couple needs $12,136.31 as a down payment for a home. If they invested the $5,000.00 they have at 6% compounded semi-annual, how long will it take for the money to grow into $12,136.31?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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