2000, an investment was opened with an initial deposit of $1800. The investment had grown to $2561.96 by 2009. If the interest on the investment is con nually, find a formula representing the value of the investment. Round all numbers in the formula to two decimal places. USE THE ROUNDED NUMBER EST OF THIS PAGE. ote that here, you need to find the formula for A(t). In order to do this, you know the initial amount of money, P. Then, plug in the values of t and A(t) that yo der to solve for the rate. (t) = 0 Use the formula to determine the value of the investment in the year 2015. If necessary, round to two decimal places. n 2015, the investment is worth $ Use the formula to determine when the investment is worth $5100. Report the number of years after 2000. If necessary, round to two decimal places.

2000, an investment was opened with an initial deposit of $1800. The investment had grown to $2561.96 by 2009. If the interest on the investment is con nually, find a formula representing the value of the investment. Round all numbers in the formula to two decimal places. USE THE ROUNDED NUMBER EST OF THIS PAGE. ote that here, you need to find the formula for A(t). In order to do this, you know the initial amount of money, P. Then, plug in the values of t and A(t) that yo der to solve for the rate. (t) = 0 Use the formula to determine the value of the investment in the year 2015. If necessary, round to two decimal places. n 2015, the investment is worth $ Use the formula to determine when the investment is worth $5100. Report the number of years after 2000. If necessary, round to two decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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