Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $5800, deposited at 5.3% compounded monthly, to reach at least $11,100 The time required is year(s) and months.

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A: The formula for compound interest is A=P1+rnnt where A is the amount, P is the principle, r is the…

Q: Given an exponential function for compounding interest, A(x) = P(.82)x, what is the rate of change?…

A: Given an exponential function for compounding interest, A(x) = P(.82)x, what is the rate of change?

Q: education. He has found a bank that will pay 9 percent interest compounded continuously. How much…

A: Topic:- algebra

Q: Using 1999 as year zero (0), and 2015,            A. Construct an exponential equation that models…

A: Explanation: Part A:Denote x as the year, which is the independent variable and y as the number of…

Q: Use the account balance formula  A = Pert  to complete the table for a savings account in which…

A: At time to double, A=2P One will get 2P=Pe0.0925t2=e0.0925tTaking ln on both sidesln 2=0.0925tt=7.49…

Q: Use logarithms to solve the problem. How long will it take $15,000 to grow to $18,000 if the…

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Q: An investment offers 0.5% interest per compounding period. If the annual interest rate is 6%, how…

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Q: esent value. A promissory note will pay $30,000 at maturity 10 years from now. How much should you…

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A: Given an exponential function has a growth factor of 3.77. To find the percentage growth rate

Q: use an exponential model and a graphing calculatorto estimate the answer in each problem. Determine…

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Q: Using what you know about exponential and logarithmic functions, find the time required for your…

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Q: Price Appreciation of Homes What will a $90,000 condominium cost 5 years from now if the price…

A: Since you have posted multiple questions but according to guidelines we will solve the first…

Q: A house was valued at $110,000 in the year 1992. The value appreciated to $175,000 by the year 2008.…

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Q: A passbook savings account has a rate of 6%.Find the effective annual yield of the interest is…

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Q: State whether the growth (or decay) is linear or exponential, and answer the associated question.…

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Q: A famous painting was sold in 1945 for $21,520. In 1994 the painting was sold for $33.6 million.…

A: Explained below

Q: Investing. How many years will it take $10,000 to grow to $18,800 if it is invested at 9% (A)…

A: Both the answers are given below

Q: How much money would be in an account if $5, 000 is deposited at 7 % interest compounded…

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Q: 43. Price Appreciation of Homes What will a $90,000 condominium cost 5 years from now if the price…

A: The amount after compounding annually for t years is given by, A=P1+r100t, where r is a rate and P…

Q: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose…

A: SOLUTION-

Q: 6) A car bought for $50,000 in 2020 depreciates by 12% per year. Use an exponential function to find…

A: General formula for exponential decay is as below : Where, P = initial value = $ 50,000 r = decay…

Q: You initially invest $300 in a savings account that pays a yearly interest rate of 5%. (a) Write a…

A: The initial amount invested is $300. Yearly investment is 5%. Let N = N(t) is the exponential…

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Q: Population of a city was 48,000 in 1990 and 42,000 in 2000. Assuming an exponential model, estimate…

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Q: A house was valued at $105,000 in the year 1994. The value appreciated to $170,000 by the year 2006.…

A: Initial value of the house in the year 1994 is 105,000 in the year 2006, the house value is 170,000…

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

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Q: use an exponential model and a graphing calculatorto estimate the answer in each problem. Determine…

A: A=P1+rnntP is the amount investedr is the rate of interestA is the amount invested after t years

Q: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose…

A: We know that, when compounded annually Amount A = P ( 1+r/100) t Given that Amount =1200000…

Q: use an exponential model and a graphing calculatorto estimate the answer in each problem. If Jean…

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Q: Write the formula for an exponential function with initial value 23 and growth factor 1.4. Sketch…

A: Given,          An exponential function with initial value 23 and growth factor 1.4.We know that,…

Q: When you were born, your parents wanted to deposit money into an account to help with college…

A: Let the principal amount= P Final amount= A= 50000 Time= t= 18 years Interest= r= 3.25%=0.0325

Q: If you invest $200 into a savings account that earms 4% annual interest compounded continuously, how…

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: The amount of goods and services that costs $400 on January 1, 1997 costs $432.86 on January 1,…

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Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

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Q: Find how much money needs to be deposited now into an account to obtain $7,800 (Future Value) in 10…

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Q: . The population of a town reaches 113000. 7 years ago the population was 82000. Assuming that the…

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Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A: The equation of compound interest is given by; A=P1+rnnt Where; A→Final amountP→Principal…

Q: HIV/AIDS. In 2003 there were an estimated 25 million people who have been infected with HIV in…

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Q: Calculator Resource Link: Desmos Graphing Calculator You deposit $4000 in an account earning 2%…

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Q: The populations of Towns A, B, and C vary exponentially with respect to time. The population of Town…

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Q: Answer the ff. regarding the application of exponential functions. Alessandra borrowed an amount of…

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Q: In 2001, the population of a district was 36,200. With a continuous annual growth rate of…

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Q: use an exponential model and a graphing calculatorto estimate the answer in each problem. Suppose…

A: In any given year the number of cases of a disease is reduced by 20% and there are 10,000 cases…

Q: 4) Twenty years ago, Mrs. Thompson purchased her home for $180,000. Since then, the value of the…

A: Given that: Price of home 20 years ago, P=$180000Rate of increase, r=5%

Q: The current student population of New Orleans is 1900. If the population increase at a rate of 13%…

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Q: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPOT Suppose…

A: To determine equivalent rate of compound interest.

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A: To work out the time taken for the compounded amout to reach the given figure under the given…

Q: Using the exponential rate of growth, when will the 2000 population double? Doubling time - Year the…

A: Po = 20487607 P(2000) = Pt = 23194257  r = 0.024816908  P(t) = 20487607 e0.024816908*(t - 1995)…

Q: You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have…

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