Chat with AI
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 111
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.
While rummaging through the attic, you discover a savings account left to you by a relative. When you were 5 years old, he invested $20,000 in your name at 6% interest compounded semiannually. If you are now 20 years old, how much is the account worth?
While rummaging through the attic, you discover a savings account left to you by a relative. When you were 5 years old, he invested $20,000 in your name at 6% interest compounded semiannually. If you are now 20 years old, how much is the account worth?
Explanation
Verified
Verified
Given,
The invested amount is $20,000,
N...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
