Answer
$$12960.29$$
Work Step by Step
Using the equation for interest given in exercise 105 as instructed, we find:
$$ F=P(1+r)^t \\ F=10400\left(1+0.045\right)^5 \\ F=10400\cdot \:1.24618\dots \\ F=12960.29$$
Elementary and Intermediate Algebra: Concepts & Applications (6th Edition)
by Bittinger, Marvin L.; Ellenbogen, David J.; Johnson, Barbara L.
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
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
