Answer
$$52756.35$$
Work Step by Step
Using the equation for interest given in exercise 106 as instructed, we find:
$$ F=P(1-r)^t \\ F=90000\left(1-0.125\right)^4 \\ F=90000\cdot \:0.875^4 \\ F=52756.35$$
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: 108
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