Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $2500, r = 7%, t = 10, compounded semiannually X A = $27782.06

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your
answer to the nearest cent.)
P = $2500, r = 7%, t = 10, compounded semiannually
X
A = $27782.06
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $2500, r = 7%, t = 10, compounded semiannually X A = $27782.06
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