Answered: 1A. Write an equation to model this…

Name: I need some help on this one 1A. Write an equation to model this situa
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Description: I need some help on this one 1A. Write an equation to model this situation.You are investing $3000 that will eam 2.0%interest compounded daily.1B. How much will your investment from#1A. be worth in 5 years?

Math

Algebra

1A. Write an equation to model this situation. You are investing $3000 that will eam 2.0% interest compounded daily. 1B. How much will your investment from #1A. be worth in 5 years?

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

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