Complete the table for a savings account subject to n compounding periods per year.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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he formula
A=P1+rnnt
describes the accumulated​ value, A, of a sum of​ money, P, the​ principal, after t years at annual percentage rate r​ (in decimal​ form) compounded n times a year. Complete the table for a savings account subject to n compounding periods per year.
 
Amount
Invested
Number of
Compounding Periods
Annual Interest
Rate
Accumulated
Amount
Time t
in Years
​$14,000
2
5.25​%
​$21,000
​?
t≈nothing
years
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