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: 89


$A \approx 4914.2$

Work Step by Step

Use the formula for compound interest with $P=2781.36$ $r=0.048$ $m=4$ $t=6$ $A=P(1+\frac{r}{m})^{tm}$ $A=2781.36(1+\frac{0.048}{2})^{4(6)}$ $A \approx 4914.2$
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