11. Demonstrate how a natural exponential function can be used to approximate the value of GH¢ 30,000 which is compounded quarterly for five (5) years at 20% interest. mt Let Pet = P (1+) %3D m.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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11. Demonstrate how a natural exponential function can be used to approximate
the value of GH¢ 30,000 which is compounded quarterly for five (5) years at
20% interest.
mt
P(1+)*
Let Pert = P
%3D
Transcribed Image Text:11. Demonstrate how a natural exponential function can be used to approximate the value of GH¢ 30,000 which is compounded quarterly for five (5) years at 20% interest. mt P(1+)* Let Pert = P %3D
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