Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals are made, find the total amount after 9 years. Do not round any intermediate computations, and round your answer to the nearest cent.
Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals are made, find the total amount after 9 years. Do not round any intermediate computations, and round your answer to the nearest cent.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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