Five years after Anne deposited $3600 in a savings account that earned interest at 4.8% compounded monthly,

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Five years after Anne deposited $3600 in a savings account that earned interest at 4.8% compounded monthly, the rate of interest was changed to 6% com- pounded semi-annually. How much was in the account 12 years after the deposit was made?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:19 AM

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Five years after Anne deposited $3600 in a savings account that earned interest at 4.8% compounded monthly,

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Balanceafter five years PV 360000 IY 48 CY 12 i 04 n 60 FV 36000010...View the full answer

Contemporary Business Mathematics with Canadian Applications

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