4. Leah is also planning to make annual contributions to an investment account that pays 4.5% annual interest, compounded monthly. Part A Complete the tables to find the amount in the account if she deposits either $600 or $1200 per year.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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4. Leah is also planning to make annual contributions to an investment account that pays 4.5% annual interest, compounded monthly.


Part A
Complete the tables to find the amount in the account if she deposits either
$600 or $1200 per year.

Year Amount with Interest Deposit Total Amount
0   600 600
1   600  
2   600  
3   600  
4   600  
5   600  

 

year Amount with interest deposit total amount
0   1200 1200,00
1   1200  
2   1200  
3   1200  
4   1200  
5   1200  
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Use a graphing calculator to make a scatter plot of the amounts Leah will
accumulate for years 1 through 5.

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