How much money should be invested in an account that earns 6% interest, compounded quarterly, in order to have $8,000 in 3 years? Round to the nearest cent. $6,691.10 $6,685.16 $9,564.95 $6,779.66 $6,716.95
How much money should be invested in an account that earns 6% interest, compounded quarterly, in order to have $8,000 in 3 years? Round to the nearest cent. $6,691.10 $6,685.16 $9,564.95 $6,779.66 $6,716.95
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
Related questions
Question
How much money should be invested in an account that earns 6% interest, compounded quarterly, in order to have $8,000 in 3 years? Round to the nearest cent.
$6,691.10 |
||
$6,685.16 |
||
$9,564.95 |
||
$6,779.66 |
||
$6,716.95 |
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