Revision as of 23:45, 25 November 2023 by Admin (Created page with "'''Solution: C''' 100(1 + .05)<sup>7</sup> + 100(1 + .05)<sup>6</sup> + 100(1.05)<sup>3</sup> = 115.76 + 134.01 + 140.71 = 390.48 '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynka |first=Myron |website=web2.uwindsor.ca | title = University of Windsor Old Tests 62-392 Theory of Interest | access-date=November 23, 2023}}")
Exercise
ABy Admin
Nov 25'23
Answer
Solution: C
100(1 + .05)7 + 100(1 + .05)6 + 100(1.05)3 = 115.76 + 134.01 + 140.71 = 390.48
References
Hlynka, Myron. "University of Windsor Old Tests 62-392 Theory of Interest". web2.uwindsor.ca. Retrieved November 23, 2023.