For the following exercises, use the compound interest formula, Use the formula found in the previous exercise

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For the following exercises, use the compound interest formula,

Use the formula found in the previous exercise to calculate the interest rate for an account that was compounded semi-annually, had an initial deposit of $9,000 and was worth $13,373.53 after 10 years.

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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Question Posted: Jun 02, 2022 05:45 AM

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For the following exercises, use the compound interest formula, Use the formula found in the previous exercise

Question:

A(t) = P(1 + 7)". r nt

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Solution Solution From the question we have P as 9000 ...View the full answer

Precalculus

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