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: 88


$A \approx 11075.68$

Work Step by Step

Use the formula for compound interest with $P=6902$ $r=0.06$ $m=2$ $t=8$ $A=P(1+\frac{r}{m})^{tm}$ $A=6902(1+\frac{0.06}{2})^{8(2)}$ $A \approx 11075.68$
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