Question
If $P is invested for n years at a rate / (as a decimal), compounded annually, the future value that accrues is given by S
If $P is invested for n years at a rate / (as a decimal), compounded annually, the future value that accrues is given by S = P(1 + i)", and the interest earned is I = S-P. Find S and I for the given P, nand i. (Round your answers to the nearest cent.)$1300 for 5 years at 11%S = $I = $
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Precalculus Real Mathematics, Real People
Authors: Ron Larson, Gaylord N Smith
6th Edition
1133714749, 9781133714743
