College Algebra (10th Edition)

Published by Pearson
ISBN 10: 0321979478
ISBN 13: 978-0-32197-947-6

Chapter 6 - Section 6.3 - Exponential Functions - 6.3 Assess Your Understanding - Page 434: 19

Answer

$\approx 1.265$

Work Step by Step

Use a calculator to evaluate the expression, and then round-off the answer to three decimal places: $(1+0.04)^6=1.04^6 \approx 1.265$
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