1 Suppose that $56,000 is invested at 4-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t=0, 3, 7, and 10 years. a) The function for the amount to which the investment grows after t years is A(t) = (Simplify your answer. Type an expression using t as the variable.)
1 Suppose that $56,000 is invested at 4-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t=0, 3, 7, and 10 years. a) The function for the amount to which the investment grows after t years is A(t) = (Simplify your answer. Type an expression using t as the variable.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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