Question
Use the compound interest formula to find the account balanceA, where P isprincipal, r is interestrate, n is number of compounding periods peryear, t istime,
Use the compound interest formula to find the account balanceA, where P isprincipal, r is interestrate, n is number of compounding periods peryear, t istime, inyears, and A is the account balance.
P- $110,000
r - 4.5%
compounded - annually
t - 5
The account balance is approximately $?
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
