Answer
$13,952.30
Work Step by Step
$13500*(1+(.033/12))^{1*12}$
$13500*(1+.00275)^{12}$
$13500*(1.00275)^{12}$
$13500*1.033503$
$13952.30$
Algebra 1
by Hall, Prentice
Published by
Prentice Hall
ISBN 10:
0133500403
ISBN 13:
978-0-13350-040-0
Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Practice and Problem-Solving Exercises - Page 459: 20
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