Ned deposits $15,000 in a certificate of deposit. The annual rate is 10% and will be compounded monthly. How much will the certificate be worth in 9 years?
Ned deposits $15,000 in a certificate of deposit. The annual rate is 10% and will be compounded monthly. How much will the certificate be worth in 9 years?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Ned deposits $15,000 in a certificate of deposit. The annual rate is 10% and
will be compounded monthly. How much will the certificate be worth in 9 years?
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