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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 82
Solve the following word problems by using Table 11-1.
Sheery Smith invested $3,000 at the Horizan Bank at 6% interest Compounded quarterly.
a. What is the annual percentage yield of this investment
b. What will Sheery's investment be worth after 6 years
Sheery Smith invested $3,000 at the Horizan Bank at 6% interest Compounded quarterly.
a. What is the annual percentage yield of this investment
b. What will Sheery's investment be worth after 6 years
Explanation
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Verified
Given,
S S invested $3,000 at the H Bank...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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