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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 88
Solve the following exercises and word problems using formulas.
What is the compound amount and compound interest of a $73,000 investment earning 2.9% interest compounded semiannually for 4 years? Round to the nearest whole dollar.
What is the compound amount and compound interest of a $73,000 investment earning 2.9% interest compounded semiannually for 4 years? Round to the nearest whole dollar.
Explanation
Verified
Verified
Given,
The investment is $73,000
Nominal...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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