
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN: 9780547587776
Author: HOLT MCDOUGAL
Publisher: HOLT MCDOUGAL
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![Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $160,000, r = 7%, t = 4, compounded daily
A = $211113.60
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TANAPCALC10 5.3.005.
Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.)
(a) 8%/year compounded semiannually
%
(b) 9%/year compounded quarterly
%](https://content.bartleby.com/qna-images/question/0358b5fa-6a35-4918-bb57-f6ae9ca4088e/136eb002-81d7-414c-945a-22fe6cfe5bb5/qnl2mc5_thumbnail.png)
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $160,000, r = 7%, t = 4, compounded daily
A = $211113.60
Need Help? Read It
SUBMIT ANSWER
ASK YOUR TEACHER
PRACTICE ANOTHER
--/6.66 Points]
DETAILS
MY NOTES
TANAPCALC10 5.3.005.
Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.)
(a) 8%/year compounded semiannually
%
(b) 9%/year compounded quarterly
%
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