Font Paragraph Styles 21 4 Exercise 2: Compare simple and compound interest (compounded annually) on a principal of $15,000 at an annual rate of 3% for a 5-year period. EX2 A D E Principal= $15,000 Rate= 3% Simple Total Total Compound Interest 4 using using Interest Simple per period Comp. per period Int. Int. 6. Period 7. 8. 30 1530 1560 30 10 3. 30 1590 4 11 30 1620 12 1650 30 6. 13 30 1680 DFocus Co search 1. 2. 2.

Font Paragraph Styles 21 4 Exercise 2: Compare simple and compound interest (compounded annually) on a principal of $15,000 at an annual rate of 3% for a 5-year period. EX2 A D E Principal= $15,000 Rate= 3% Simple Total Total Compound Interest 4 using using Interest Simple per period Comp. per period Int. Int. 6. Period 7. 8. 30 1530 1560 30 10 3. 30 1590 4 11 30 1620 12 1650 30 6. 13 30 1680 DFocus Co search 1. 2. 2.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...

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