Answer
$6103.11$ dollars.
Work Step by Step
The end value is $P=31000(1-\frac{0.15}{1})^{10}=\approx6103.11$ dollars.
Precalculus: Concepts Through Functions, A Unit Circle Approach to Trigonometry (3rd Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0-32193-104-1
ISBN 13:
978-0-32193-104-7
Chapter 11 - Sequences; Induction; the Binomial Theorem - Chapter Test - Page 860: 15
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