Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value. (a) Find S: S = 25,000(1 + 0.003)365 (Round your answer to two decimal places.) S = $ 25,000: periodic rate number of periods o principal future value 0.003: o periodic rate number of periods principal future value 365: periodic rate o number of periods principal future value (b) Find P: 300,000 = P(1 + 0.06)25 (Round your answer to two decimal places.) P = $ 300,000: periodic rate number of periods principal o future value 0.06: o periodic rate number of periods principal future value 25: periodic rate o number of periods principal future value
Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value. (a) Find S: S = 25,000(1 + 0.003)365 (Round your answer to two decimal places.) S = $ 25,000: periodic rate number of periods o principal future value 0.003: o periodic rate number of periods principal future value 365: periodic rate o number of periods principal future value (b) Find P: 300,000 = P(1 + 0.06)25 (Round your answer to two decimal places.) P = $ 300,000: periodic rate number of periods principal o future value 0.06: o periodic rate number of periods principal future value 25: periodic rate o number of periods principal future value
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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7.) Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value.
a) Find S: S = 25,000(1 + 0.003)365
S= $
(Round your answer to two decimal places.)
b) Find P: 300,000 = P(1 + 0.06)25
(Round your answer to two decimal places.)
P = $
Transcribed Image Text:Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value.
(a) Find S: S = 25,000(1 + 0.003)365 (Round your answer to two decimal places.)
S = $
25,000:
periodic rate
o number of periods
o principal
future value
0.003:
o periodic rate
number of periods
o principal
future value
365:
periodic rate
number of periods
o principal
future value
(b) Find P: 300,000 = P(1 + 0.06) (Round your answer to two decimal places.)
P = $
300,000:
periodic rate
o number of periods
o principal
o future value
0.06:
o periodic rate
number of periods
o principal
future value
25:
periodic rate
o number of periods
o principal
future value
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