Recent sales of some real estate and record profits make it possible for a manufacture to set aside $1,000,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half year for the next 3 years if the fund earns 6.2% compounded semiannually solve the problem (round your answer to the nearest cent)
Recent sales of some real estate and record profits make it possible for a manufacture to set aside $1,000,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half year for the next 3 years if the fund earns 6.2% compounded semiannually solve the problem (round your answer to the nearest cent)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 3PPS
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Recent sales of some real estate and record profits make it possible for a manufacture to set aside $1,000,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half year for the next 3 years if the fund earns 6.2% compounded semiannually
solve the problem (round your answer to the nearest cent)
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