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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 116
Solve the following application problems.
Mike George deposits $4000 in a certificate of deposit for 5 years. Find the compound amount if the interest rate is 6% compounded daily.
Mike George deposits $4000 in a certificate of deposit for 5 years. Find the compound amount if the interest rate is 6% compounded daily.
Explanation
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Suppose interest compounded daily.
Let ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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