Answer
$\$ 276, 427$
Work Step by Step
Here, $ a_1=30,000$ and $ r=1.04$
Set $ n=8$
$ S_{8}=\dfrac{30,000[ 1-(1.04)^8]}{1-1.04}$
$= \dfrac{30,000[ 1-(1.04)^8]}{-0.04}$
$\approx \$ 276, 427$
Precalculus (6th Edition) Blitzer
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-13446-914-3
ISBN 13:
978-0-13446-914-0
Chapter 10 - Test - Page 1127: 15
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