Page 337, Problems 57, 58, 59 57. Compound Interest If $10,000 is invested at an interest rate of...
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Page 337, Problems 57, 58, 59
57. Compound Interest If $10,000 is invested at an interestrate
of 3% per year, compounded semiannually, find the value of
the investment after the given number of years.
(a) 5 years (b) 10 years (c) 15 years
58. Compound Interest If $2500 is invested at an interestrate
of 2.5% per year, compounded daily, find the value of the
investment after the given number of years.
(a) 2 years (b) 3 years (c) 6 years
59. Compound Interest If $500 is invested at an interest rateof
3.75% per year, compounded quarterly, find the value of the
investment after the given number of years.
(a) 1 year (b) 2 years (c) 10 years
Page 337, Problems 57, 58, 59
57. Compound Interest If $10,000 is invested at an interestrate
of 3% per year, compounded semiannually, find the value of
the investment after the given number of years.
(a) 5 years (b) 10 years (c) 15 years
58. Compound Interest If $2500 is invested at an interestrate
of 2.5% per year, compounded daily, find the value of the
investment after the given number of years.
(a) 2 years (b) 3 years (c) 6 years
59. Compound Interest If $500 is invested at an interest rateof
3.75% per year, compounded quarterly, find the value of the
investment after the given number of years.
(a) 1 year (b) 2 years (c) 10 years
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