To start a new business Beth deposits $1500 at the end of each six-month period in an account that pays 6%, compounded semiannually. How much will she have at the end of 8 years? At the end of 8 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
To start a new business Beth deposits $1500 at the end of each six-month period in an account that pays 6%, compounded semiannually. How much will she have at the end of 8 years? At the end of 8 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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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