 5.6.1: You invest $800 at 6% interest compounded annually. How much is in ...
 5.6.2: A sum of $1000 is invested at an interest rate of compounded annual...
 5.6.3: At what interest rate (compounded annually) will a sum of $4000 gro...
 5.6.4: A bank pays 7% interest compounded annually. What principal will gr...
 5.6.5: You place $500 in a savings account at 5% compounded annually. Afte...
 5.6.6: A sum of $3000 is placed in a savings account at 6% per annum. How ...
 5.6.7: A sum of $1000 is placed in a savings account at 7% per annum. How ...
 5.6.8: Your friend invests $2000 at per annum compounded semiannually. You...
 5.6.9: You invest $100 at 6% per annum compounded quarterly. How long will...
 5.6.10: A bank offers an interest rate of 7% per annum compounded daily. Wh...
 5.6.11: What principal should you deposit at per annum compounded semiannua...
 5.6.12: You place a sum of $800 in a savings account at 6% per annum compou...
 5.6.13: A principal of $600 dollars is placed in a savings account at 6.5% ...
 5.6.14: A principal of $4000 dollars is invested at 8% per annum compounded...
 5.6.15: A principal of $3500 is deposited in Account #1 at 7% per annum, co...
 5.6.16: A principal of $1000 is deposited in Account #1 at 8% per annum, co...
 5.6.17: A bank offers an interest rate of per annum compounded continuously...
 5.6.18: Given a nominal rate of 6% per annum, compute the effective rate un...
 5.6.19: Suppose that under continuous compounding of interest, the effectiv...
 5.6.20: You have two savings accounts, each with an initial principal of $1...
 5.6.21: You want to invest $10,000 for 5 years, and you have a choice betwe...
 5.6.22: Suppose that a certain principal is invested at 6% per annum compou...
 5.6.23: A sum of $1500 is invested at 5% per annum compounded continuously....
 5.6.24: A sum of $5000 is invested at 10% per annum compounded continuously...
 5.6.25: After carrying out the calculations in this problem, youll see one ...
 5.6.26: A principal of $500 is invested at 7% per annum compounded continuo...
 5.6.27: A principal of $7000 is invested at 5% per annum compounded continu...
 5.6.28: In one savings account, a principal of $1000 is deposited at 5% per...
Solutions for Chapter 5.6: COMPOUND INTEREST
Full solutions for Precalculus: With Unit Circle Trigonometry (with Interactive Video Skillbuilder CDROM) (Available 2010 Titles Enhanced Web Assign)  4th Edition
ISBN: 9780534402303
Solutions for Chapter 5.6: COMPOUND INTEREST
Get Full SolutionsThis textbook survival guide was created for the textbook: Precalculus: With Unit Circle Trigonometry (with Interactive Video Skillbuilder CDROM) (Available 2010 Titles Enhanced Web Assign), edition: 4. This expansive textbook survival guide covers the following chapters and their solutions. Since 28 problems in chapter 5.6: COMPOUND INTEREST have been answered, more than 25547 students have viewed full stepbystep solutions from this chapter. Chapter 5.6: COMPOUND INTEREST includes 28 full stepbystep solutions. Precalculus: With Unit Circle Trigonometry (with Interactive Video Skillbuilder CDROM) (Available 2010 Titles Enhanced Web Assign) was written by and is associated to the ISBN: 9780534402303.

Categorical variable
In statistics, a nonnumerical variable such as gender or hair color. Numerical variables like zip codes, in which the numbers have no quantitative significance, are also considered to be categorical.

Complements or complementary angles
Two angles of positive measure whose sum is 90°

Convergence of a sequence
A sequence {an} converges to a if limn: q an = a

Deductive reasoning
The process of utilizing general information to prove a specific hypothesis

Derivative of ƒ
The function defined by ƒ'(x) = limh:0ƒ(x + h)  ƒ(x)h for all of x where the limit exists

Finite series
Sum of a finite number of terms.

Fitting a line or curve to data
Finding a line or curve that comes close to passing through all the points in a scatter plot.

Frequency
Reciprocal of the period of a sinusoid.

Implied domain
The domain of a function’s algebraic expression.

Intercepted arc
Arc of a circle between the initial side and terminal side of a central angle.

Limaçon
A graph of a polar equation r = a b sin u or r = a b cos u with a > 0 b > 0

Limit
limx:aƒ1x2 = L means that ƒ(x) gets arbitrarily close to L as x gets arbitrarily close (but not equal) to a

Magnitude of an arrow
The magnitude of PQ is the distance between P and Q

Multiplication principle of probability
If A and B are independent events, then P(A and B) = P(A) # P(B). If Adepends on B, then P(A and B) = P(AB) # P(B)

Quotient rule of logarithms
logb a R S b = logb R  logb S, R > 0, S > 0

Reflexive property of equality
a = a

Righthand limit of ƒ at x a
The limit of ƒ as x approaches a from the right.

Standard form of a complex number
a + bi, where a and b are real numbers

Summation notation
The series a nk=1ak, where n is a natural number ( or ?) is in summation notation and is read "the sum of ak from k = 1 to n(or infinity).” k is the index of summation, and ak is the kth term of the series

Variance
The square of the standard deviation.