If you invest x dollars at 4% interest compounded annually, then the amount A(x) of the investment after one year is A(x) = 1.04x. Find A • A, A A o A, and A • A o A o A. What do these compositions represent? Find a formula for the com- position of n copies of A.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...
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62. If you invest x dollars at 4% interest compounded annually,
then the amount A(x) of the investment after one year is
= 1.04x. Find A • A, A • A • A, and A • A • A • A. What
A(x) =
do these compositions represent? Find a formula for the com-
position of n copies of A.
Transcribed Image Text:62. If you invest x dollars at 4% interest compounded annually, then the amount A(x) of the investment after one year is = 1.04x. Find A • A, A • A • A, and A • A • A • A. What A(x) = do these compositions represent? Find a formula for the com- position of n copies of A.
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