4 lan invested $2500 in an investment vehicle that is guaranteed to earn 4% interest compounded yearly The amount of money, A, in his account as a function of the number of years, t, since creating the account is given by the equation A(t)= 2500(1.04)'. (b) What do the two values that you found in part (a) Evaluate A(0) and A(10). (a) represent? (d) What does the value oft that you found in part (c) Using tables on your calculator, determine, to the nearest whole year, the value of t that (c) represent about Ian's investment? solves the equation 4(t) = 5000. Justify your answer with numerical evidence.
4 lan invested $2500 in an investment vehicle that is guaranteed to earn 4% interest compounded yearly The amount of money, A, in his account as a function of the number of years, t, since creating the account is given by the equation A(t)= 2500(1.04)'. (b) What do the two values that you found in part (a) Evaluate A(0) and A(10). (a) represent? (d) What does the value oft that you found in part (c) Using tables on your calculator, determine, to the nearest whole year, the value of t that (c) represent about Ian's investment? solves the equation 4(t) = 5000. Justify your answer with numerical evidence.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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Part c and d please.
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