Calculus: An Applied Approach (MindTap Course List)
Calculus: An Applied Approach (MindTap Course List)
10th Edition
ISBN: 9781305860919
Author: Ron Larson
Publisher: Cengage Learning
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Chapter A3, Problem 55E
To determine

To calculate: The balance in the account given by A=P(1+rn)N where principal amount (P) is $5000, annual percentage rate of (r) is 5.5% compounded (n) is 4 times per year and number of compounding (N) is 60.

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