Question: If $1000 is invested at r% compounded annually, the future value S of the account after two and a half years is given by (a)
If $1000 is invested at r% compounded annually, the future value S of the account after two and a half years is given by
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(a) Express this equation with radical notation.
(b) Find the value of this account if the interest rate is 6.6% compounded annually?
5/2 S= 1000( 1 + 100,
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