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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 98
Solve the following word problems by using Table 11-1.
Sherry Smith invested $3,000 at the Horizon Bank at 6% interest compounded quarterly.
a. What is the annual percentage yield of this investment?
b. What will Sherry's investment be worth after 6 years?
Sherry Smith invested $3,000 at the Horizon Bank at 6% interest compounded quarterly.
a. What is the annual percentage yield of this investment?
b. What will Sherry's investment be worth after 6 years?
Explanation
Verified
Verified
Given,
S S invested $3,000 at the H Bank...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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