Algebra 2 (1st Edition)

Published by McDougal Littell
ISBN 10: 0618595414
ISBN 13: 978-0-61859-541-9

Chapter 8 Rational Functions - 8.5 Add and Subtract Rational Expressions - 8.5 Exercises - Problem Solving - Page 588: 43b



Work Step by Step

Plugging in $P=15500,t=4,i=0.06$ we get: $M=\frac{15500(0.06)(1+0.06)^{12\cdot4}}{(1+0.06)^{12\cdot4}-1}\approx990.3$
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