Find how much money should be deposited in a bank paying interest at a rate of 3.5% a year compounded quarterly so that at the end of 7 years the amount in the account will be $100,000. Round answer to nearest cent
Find how much money should be deposited in a bank paying interest at a rate of 3.5% a year compounded quarterly so that at the end of 7 years the amount in the account will be $100,000. Round answer to nearest cent
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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