Use the compound interest formula to compute the total amount accumulated. $7,600 for 4 years at 2% compounded semiannually A. $7,908.59 B. $8,229.71 C. $8,226.48 D. $7,660.80
Use the compound interest formula to compute the total amount accumulated. $7,600 for 4 years at 2% compounded semiannually A. $7,908.59 B. $8,229.71 C. $8,226.48 D. $7,660.80
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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