I met Mr. Talagitok a year ago and he told me that he had invested a hundred thousand dollars in a bank. After 5 years, he received two million dollars. KAPA gave interest of up to 30% per annum. Calculate the amount of times that the interest is compounded.Given: P = $100, 000FV = $2, 000, 000r = 0.30t = 5 years 5. Imet Mr. Talagitok a year ago and he told me that he had invested a hundredthousand dollars in a bank. After 5 years, he received two million dollars. KAPA gaveinterest of up to 30% per annum. Calculate the amount of times that the interest iscompounded.Given:P = $100, 000FV = $2, 000, 000r = 0.30t = 5 years

I met Mr. Talagitok a year ago and he told me that he had invested a hundred thousand dollars in a bank. After 5 years, he received two million dollars. KAPA gave interest of up to 30% per annum. Calculate the amount of times that the interest is compounded. Given: P = $100, 000 FV = $2, 000, 000 r = 0.30 t = 5 years

I met Mr. Talagitok a year ago and he told me that he had invested a hundred thousand dollars in a bank. After 5 years, he received two million dollars. KAPA gave interest of up to 30% per annum. Calculate the amount of times that the interest is compounded. Given: P = $100, 000 FV = $2, 000, 000 r = 0.30 t = 5 years

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.4: Series And Their Notations

Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...

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