If $1000 is invested at 7% compounded monthly, then the future value of the investment after x years is given by the function y = 1000(1+0.07/12)^12x,x≥0 Calculate: Future value of investment after 15 years = Future value of investment after 14 years = Future value of investment after 20 months =
If $1000 is invested at 7% compounded monthly, then the future value of the investment after x years is given by the function y = 1000(1+0.07/12)^12x,x≥0 Calculate: Future value of investment after 15 years = Future value of investment after 14 years = Future value of investment after 20 months =
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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If $1000 is invested at 7% compounded monthly, then the future value of the investment after x years is given by the function
y = 1000(1+0.07/12)^12x,x≥0
Calculate:
Future value of investment after 15 years =
Future value of investment after 14 years =
Future value of investment after 20 months =
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