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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 61
Solve the following exercises and word problems by using the compound interest formula.
The FernRod Motorcycle Company invested $250,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. How much money will be available for the project in 3
years?
The FernRod Motorcycle Company invested $250,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. How much money will be available for the project in 3
years?Explanation
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Given,
The F R motorcycle company's inve...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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