EXPONENTIAL AND LOGARITHMIC FUNCTIONS Max Finding the final amount in a word problem on compound interest Español Rachel deposited $4000 into an account with 5.1% interest, compounded monthly. Assuming that no withdrawals are made, how much will she have in the account after 7 years? Do not round any intermediate computations, and round your answer to the nearest cent. ? X Aa H

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.1: Exponential Functions
Problem 55E
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EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Max
Finding the final amount in a word problem on compound interest
Español
Rachel deposited $4000 into an account with 5.1% interest, compounded monthly. Assuming that no withdrawals are made,
how much will she have in the account after 7 years?
Do not round any intermediate computations, and round your answer to the nearest cent.
?
X
Aa
H
Transcribed Image Text:EXPONENTIAL AND LOGARITHMIC FUNCTIONS Max Finding the final amount in a word problem on compound interest Español Rachel deposited $4000 into an account with 5.1% interest, compounded monthly. Assuming that no withdrawals are made, how much will she have in the account after 7 years? Do not round any intermediate computations, and round your answer to the nearest cent. ? X Aa H
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