Answer
28366.90
Work Step by Step
$20000*(1+(.035/12)^{12*10}$
$20000*(1+.0029166)^{120}$
$20000*(1.0029166)^{120}$
$20000*1.418345$
$28366.90$
Algebra 1
by Hall, Prentice
Published by
Prentice Hall
ISBN 10:
0133500403
ISBN 13:
978-0-13350-040-0
Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Practice and Problem-Solving Exercises - Page 459: 18
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