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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 69
Use the table to solve the following application problems. Round to the nearest cent.
INVESTING William Jones has $25,000 to invest and believes that he will earn 6 compounded semiannually. Find the compound amount if he invests (a) for 2 years and (b) for 12 years. (c) Then find the additional amount earned due to the longer period.
INVESTING William Jones has $25,000 to invest and believes that he will earn 6 compounded semiannually. Find the compound amount if he invests (a) for 2 years and (b) for 12 years. (c) Then find the additional amount earned due to the longer period.
Explanation
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Let the principal be compounded years....
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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