Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4
Question:
A loan of $8,000 for two acres of woodland is compounded quarterly at an annual rate of 6% for five years. Find the compound amount and the compound interest?
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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