Suppose that $59,000 is invested at 6-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t = 0, 2, 8, and 10 years. 4t a) The function for the amount to which the investment grows after t years is A(t) = 59,000(1.01625)* (Simplify your answer. Type an expression usingt as the variable.) %3D b) Find the amount of money in the account at t= 0, 2, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.)

Suppose that $59,000 is invested at 6-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t = 0, 2, 8, and 10 years. 4t a) The function for the amount to which the investment grows after t years is A(t) = 59,000(1.01625)* (Simplify your answer. Type an expression usingt as the variable.) %3D b) Find the amount of money in the account at t= 0, 2, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....

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