Answer
${{\$}} 832,744$
Work Step by Step
Apply the given formula with
$ C=465,000,\quad r=0.06,\quad t=10$
$ S=465,000(1+0.06)^{10}$
$=465,000(1.06)^{10} \qquad $ ... round to the nearest dollar
$\approx{{\$}} 832,744$
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 3 - Section 3.1 - Exponential Functions - Exercise Set - Page 450: 67
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