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: 108



Work Step by Step

Using the equation for interest given in exercise 106 as instructed, we find: $$ F=P(1-r)^t \\ F=90000\left(1-0.125\right)^4 \\ F=90000\cdot \:0.875^4 \\ F=52756.35$$
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