Answer
the balance is $16084.37 after six years.
Work Step by Step
n=20
$10000(1+\frac{0.08}{4})^{24}$
College Algebra (6th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-32178-228-3
ISBN 13:
978-0-32178-228-1
Chapter 8 - Sequences, Induction, and Probability - Exercise Set 8.1 - Page 716: 72
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