Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she withdraws RM3,000 at the same account. Find a) the total amount at the end of five years from the initial deposit. b) the total amount in her account after 9 years.
Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she withdraws RM3,000 at the same account. Find a) the total amount at the end of five years from the initial deposit. b) the total amount in her account after 9 years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she withdraws RM3,000 at the same account. Find
a) the total amount at the end of five years from the initial
deposit.
b) the total amount in her account after 9 years.
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