Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $130,000, r = 8%, t = 6, compounded monthly A = $
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $130,000, r = 8%, t = 6, compounded monthly A = $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
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![Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $130,000, r = 8%, t = 6, compounded monthly
A = $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb40b6873-57d9-434d-ac29-d6d174612f1c%2Fb351c688-9c25-4108-9057-a41c60a5dbbf%2Fwcx3yku_processed.png&w=3840&q=75)
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $130,000, r = 8%, t = 6, compounded monthly
A = $
![Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $11,000, r = 6%, t = 10, compounded quarterly
A = $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb40b6873-57d9-434d-ac29-d6d174612f1c%2Fb351c688-9c25-4108-9057-a41c60a5dbbf%2Fswtx7ak_processed.png&w=3840&q=75)
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $11,000, r = 6%, t = 10, compounded quarterly
A = $
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