Calculate the compound amount from the given data: principal = $7000, compounded semiannually, 8 years, annual rate = 8% O $9579.98 O $11,480.00 O $13,110.87 O $12,956.51 %3D
Calculate the compound amount from the given data: principal = $7000, compounded semiannually, 8 years, annual rate = 8% O $9579.98 O $11,480.00 O $13,110.87 O $12,956.51 %3D
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 26PS
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