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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 114
Solve the following word problems by using Table 11-1.
You are owner of a UPS Store franchise. You have just deposited $12,000 in an investment account earning 12% compounded monthly. This account is intended to pay for store improvements in 2 12 years. At that rate, how much will be available in the account for the project?
You are owner of a UPS Store franchise. You have just deposited $12,000 in an investment account earning 12% compounded monthly. This account is intended to pay for store improvements in 2 12 years. At that rate, how much will be available in the account for the project?
Explanation
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Given,
Principle amount is $12,000
Nomin...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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