2. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much will the account be worth after 3 years (b) If you invest $ 3000 in an account that pays 9% APR compounded monthly, how much will the account be worth after 3 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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12. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much will
the account be worth after 3 years
(b) If you invest $ 3000 in an account that pays 9% APR compounded monthly, how much will the
account be worth after 3 years?
Transcribed Image Text:12. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much will the account be worth after 3 years (b) If you invest $ 3000 in an account that pays 9% APR compounded monthly, how much will the account be worth after 3 years?
7:46 PM Tue Nov 30
O 76%
T
+ :
13. Convert the following logarithmic equations to exponential form.
(a) log(2) = r
(b) In(r + 1) = 3
(c) log2(8) = 3
14. Write your answer to the following complex number computations in the form a + bi where a and b are
real numbers.
(a) (3+ i)(4 – 2i)
5+ 20i
(b)
1- 2i
14
Transcribed Image Text:7:46 PM Tue Nov 30 O 76% T + : 13. Convert the following logarithmic equations to exponential form. (a) log(2) = r (b) In(r + 1) = 3 (c) log2(8) = 3 14. Write your answer to the following complex number computations in the form a + bi where a and b are real numbers. (a) (3+ i)(4 – 2i) 5+ 20i (b) 1- 2i 14
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