If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20 years if the interest is: (a) 5% simple interest: $______________ (b) 5% compounded annually: $______________ Round your answers to the nearest cent.
If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20 years if the interest is: (a) 5% simple interest: $______________ (b) 5% compounded annually: $______________ Round your answers to the nearest cent.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 30CT
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If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20 years if the interest is:
(a) 5% simple interest: $______________
(b) 5% compounded annually: $______________
Round your answers to the nearest cent.
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