Payments of P 10,000 per quarter are made from June 7 through Z through December 7, Z + 11 inclusive. If the nominal rate is of interest convertible quarterly is 6%. Be sure to express each dateas some time t = k. for nonnegative integer k, set the earliest time among the given dates below as t =0.  Find the current balance on December 7,Z+6.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 71E
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Payments of P 10,000 per quarter are made from June 7 through Z through December 7, Z + 11 inclusive. If the nominal rate is of interest convertible quarterly is 6%. Be sure to express each dateas some time k. for nonnegative integer k, set the earliest time among the given dates below as t =0.

 Find the current balance on December 7,Z+6.

 
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