To solve each problem, refer to the formulas for compound interest. A = r(1 + ) tn

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To solve each problem, refer to the formulas for compound interest.A = r(1 + )


Find t to the nearest hundredth of a year if $1786 becomes $2063 at 2.6%, with interest compounded monthly.

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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