Answer
2963.11
Work Step by Step
$P=1600$
$r=.09$
$n=2$
$t=7$
$A= P*(1+(r/n))^{t*n}$
$A= 1600*(1+(.09/2))^{7*2}$
$A = 1600*(1.045)^{14}$
$A = 1600*1.851945$
$A = 2963.11$
Algebra: A Combined Approach (4th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321726391
ISBN 13:
978-0-32172-639-1
Chapter 12 - Review - Page 905: 33
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