SOLUTION: If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
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Algebra.Com
Question 1035058: If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
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Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
7000(1+0.09/2)^2*5
7000(1.045)^10
7000*1.480 = your answer, use your calculator
Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!
If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Semiannual=
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