A $4,000 deposit is made at a bank that pays 6% compounded annually. At the end of years what equation will you use to solve? 10 (1)(10 .06 A = 4000 1+ (1 A= 4000 A = 4000 1 ++ .6 06 (1)(10 .06 ) (1)(10 A = 4000 (1+ 10 %3D 10:21 8.
A $4,000 deposit is made at a bank that pays 6% compounded annually. At the end of years what equation will you use to solve? 10 (1)(10 .06 A = 4000 1+ (1 A= 4000 A = 4000 1 ++ .6 06 (1)(10 .06 ) (1)(10 A = 4000 (1+ 10 %3D 10:21 8.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Transcribed Image Text:A $4,000 deposit is made at a bank that pays 6% compounded annually. At the end of
10 years what equation will yoU use to solve?
(1
.6
A = 4000 | 1 + –
A = 4000 ( 1 +
.06\ (1)(10
(1)(10
06
A= 4000
.06 ) (1)(10
A = 4000 1+
10
V10:21
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