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What is the compound amount and compound interest of a $73,000 investment earning 2.9%

Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner ISBN: 9780538481267 378

Solution for problem 36 Chapter 11

Contemporary Mathematics | 6th Edition

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Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner

Contemporary Mathematics | 6th Edition

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Problem 36

What is the compound amount and compound interest of a $73,000 investment earning 2.9% interest compounded semiannually for 4 years? Round to the nearest whole dollar.

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STAT 110: Notes for Week of 11/1/16  Chapter 14 o This chapter will deal with bivariate data: data that has two variables in it. o Bivariate data can be comprised of two quantitative variables, a categorical and a quantitative variable, or two categorical variables. o Scatterplot: a graph that shows the correlation between two quantitative variables. o In a scatterplot, there is usually one explanatory variable (plotted on the x axis) and one response variable (plotted on the y axis) – but not always.  A scatterplot can be graphed as long as there are two quantitative variables. o Look for the overall pattern in a scatterplot; this is defined by the direction (positive or negative slope/graph slopes upwards or graph slopes downwards, looking left to right), form (straight, curved, or scattered), and strength (strong, moderate or weak adherence to the form and direction). o Also note any deviations (changes in the pattern) and outliers (single point that deviates from the pattern) from the pattern. o Correlation (r): tells the strength and direction of the correlation between two quantitative variables. o Positive r = positive slope. o Negative r = negative slope. o r is always between -1 and 1. o r only measures linear relationships, not curved or scattered relationships. o r is stronger as it gets closer to -1 or 1; r is w

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Chapter 11, Problem 36 is Solved
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Textbook: Contemporary Mathematics
Edition: 6
Author: Robert Brechner
ISBN: 9780538481267

Since the solution to 36 from 11 chapter was answered, more than 239 students have viewed the full step-by-step answer. This full solution covers the following key subjects: . This expansive textbook survival guide covers 25 chapters, and 765 solutions. This textbook survival guide was created for the textbook: Contemporary Mathematics, edition: 6. Contemporary Mathematics was written by and is associated to the ISBN: 9780538481267. The full step-by-step solution to problem: 36 from chapter: 11 was answered by , our top Statistics solution expert on 03/13/18, 06:38PM. The answer to “What is the compound amount and compound interest of a $73,000 investment earning 2.9% interest compounded semiannually for 4 years? Round to the nearest whole dollar.” is broken down into a number of easy to follow steps, and 26 words.

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