College Algebra (6th Edition)

by Blitzer, Robert F.

Published by Pearson

ISBN 10: 0-32178-228-3

ISBN 13: 978-0-32178-228-1

Chapter 4 - Exponential and Logarithmic Functions - Exercise Set 4.1 - Page 453: 67

Answer

$832,744

Work Step by Step

We need to compute the value of $S$ where the initial value is $465,000$, the rate is $0.06$, and $t=10$. $S=465,000(1+0.06)^{10}\approx832,744$

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