An investment of $5000 with Barnes bank earns a 1.3% APR compounded monthly. a.how much is the investment worth after 1 month? b.define a function f that gives the investment value as a function of the number of years t since it began c.determine the investments value after 30 years $ d. Determine the annual growth factor and annual percent change (APY) annual growth factor annual percent change e.another bank said they will pay the same interest (1.3% APR) but compounded daily what would the value of a $5000 investment with this bank leaving it there for 30 years
An investment of $5000 with Barnes bank earns a 1.3% APR compounded monthly. a.how much is the investment worth after 1 month? b.define a function f that gives the investment value as a function of the number of years t since it began c.determine the investments value after 30 years $ d. Determine the annual growth factor and annual percent change (APY) annual growth factor annual percent change e.another bank said they will pay the same interest (1.3% APR) but compounded daily what would the value of a $5000 investment with this bank leaving it there for 30 years
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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An investment of $5000 with Barnes bank earns a 1.3% APR compounded monthly.
a.how much is the investment worth after 1 month?
b.define a function f that gives the investment value as a function of the number of years t since it began
c.determine the investments value after 30 years
$
d. Determine the annual growth factor and annual percent change (APY)
annual growth factor
annual percent change
e.another bank said they will pay the same interest (1.3% APR) but compounded daily what would the value of a $5000 investment with this bank leaving it there for 30 years
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