Elementary and Intermediate Algebra: Concepts & Applications (6th Edition)

Published by Pearson
ISBN 10: 0-32184-874-8
ISBN 13: 978-0-32184-874-1

Chapter 4 - Polynomials - 4.7 Polynomials in Several Variables - 4.7 Exercise Set - Page 286: 107



Work Step by Step

Using the equation for interest given in exercise 105 as instructed, we find: $$ F=P(1+r)^t \\ F=10400\left(1+0.045\right)^5 \\ F=10400\cdot \:1.24618\dots \\ F=12960.29$$
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