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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 50
Solve the following word problems by using Table 11-1 or 11-2. When necessary, create new table factors. Round dollars to the nearest cent and percents to the nearest hundredth of a percent.
What is the compound amount and compound interest of $36,000 invested at 12% compounded semiannually for 7 years?
What is the compound amount and compound interest of $36,000 invested at 12% compounded semiannually for 7 years?
Explanation
Verified
Verified
Given,
The invested amount is $36,000,
...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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