An amount of $5000 is invested at an interest rate of 9% per year, compounded semiannually. Find the value A(t) of the investment after t years. A(t)= dollars Make a graph of A(t). Which graph most closely resembles the graph of A(t)? Use your graph of A(t) to determine when this investment will amount to $35,000. Give your answer in years, correct to the nearest hundredth. You will have to zoom on your graph to determine the answer.
An amount of $5000 is invested at an interest rate of 9% per year, compounded semiannually. Find the value A(t) of the investment after t years. A(t)= dollars Make a graph of A(t). Which graph most closely resembles the graph of A(t)? Use your graph of A(t) to determine when this investment will amount to $35,000. Give your answer in years, correct to the nearest hundredth. You will have to zoom on your graph to determine the answer.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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An amount of $5000 is invested at an interest rate of 9% per year, compounded semiannually. Find the value A(t) of the investment after t years.
A(t)= dollars
Make a graph of A(t). Which graph most closely resembles the graph of A(t)? Use your graph of A(t) to determine when this investment will amount to $35,000. Give your answer in years, correct to the nearest hundredth. You will have to zoom on your graph to determine the answer.
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