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Home > PC > Chapter 8 > Lesson 8.1.3 > Problem 8-47

8-47.

y = 5000(1.01)12
y = 5,634.13 dollars

y = 5000(1.02)4
y = 5,412.16 dollars

Follow the same thinking process as in the parts above.

Follow the same thinking process as in the part (a) and (b) above.