Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11- [0/2P0int51 DETAILS PREVIOUS ANSWERS Use the Laws of Logarithms to combine the expression. 2009700 + 3 '0970') 5 '097(Z)) Submit Answer 6. [0/3 Points]
11- [0/2P0int51 DETAILS PREVIOUS ANSWERS Use the Laws of Logarithms to combine the expression. 2009700 + 3 '0970') 5 '097(Z)) Submit Answer 6. [0/3 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER If $1100 is invested at an interest rate of 4.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent. ) (a) 1 year $ 53.18 X (b) 2 years $ 208.9 X (c) 12 years $ 938.53 X 7. [0/3 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 6 years $ 12,680. (b) 12 years $ 16,080 X (c) 18 years $ 20,390 X Viewing Saved Work Revert to Last Response
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started