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.