Question 312480
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Exact answer depends on whether the bank uses 360 times per year as daily compounding or 365 times per year.  I'll show 360 and you can make the apropriate adjustment if necessary:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ P\left(1\ +\ \frac{r}{n}\right)^{nt}]



*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ 12500\left(1\ +\ \frac{0.0575}{360}\right)^{360\,\cdot\,11}]


You can do your own calculator work.


John
*[tex \LARGE e^{i\pi} + 1 = 0]
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