(a) If $1000 is invested at 5% compounded monthly, how much is there after 8 months? (b)...

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(a) If $1000 is invested at 5% compounded monthly, how much is there after 8 months?

(b) If you want to have $1000 in 9 months, how much do you need to place in a savings account now that pays 5% compounded quarterly?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 17, 2019 08:57 AM

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(a) If $1000 is invested at 5% compounded monthly, how much is there after 8 months? (b)...

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a 8 months 23 year Thus So b 9 mont...View the full answer

Precalculus

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