Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 2 - Nonlinear Functions - Chapter Review - Review Exercises - Page 114: 101


She will owe $17339.8604 at the end of 8-year period

Work Step by Step

Use the formula for compound interest with $P=\$10.000$ $r=0.07$ $m=2$ $t=8$ $A=P(1+\frac{r}{m})^{tm}$ $A=10000(1+\frac{0.07}{2})^{2.8}$ $A \approx 17339.8604$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After 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.