Number of Compounding Annual Interest Accumulated Time t in Amount Invested Periods Rate Amount Years $12,500 4 5.75% $20,000 $7250 12 6.5% $15,000 $1000 365 16.8% $1400 $5000 365 14.7% $9000 [A = r(1 +=) nt

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Complete the table for a savings account subject to n compoundings yearly.Round answers to one decimal place.

Number of
Compounding
Annual Interest
Accumulated
Time t in
Amount Invested
Periods
Rate
Amount
Years
$12,500
4
5.75%
$20,000
$7250
12
6.5%
$15,000
$1000
365
16.8%
$1400
$5000
365
14.7%
$9000
Transcribed Image Text:Number of Compounding Annual Interest Accumulated Time t in Amount Invested Periods Rate Amount Years $12,500 4 5.75% $20,000 $7250 12 6.5% $15,000 $1000 365 16.8% $1400 $5000 365 14.7% $9000
[A = r(1 +=)
nt
Transcribed Image Text:[A = r(1 +=) nt
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