What is true according to the following equation: 4x 1+)* .05 AG)= 800 Choose 2 answers O The initial amount is 800 O The function is compounded continuously O The function is compounded quarterly O The rate is 0.05%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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What is true acording to the follawing equation:
AC)=
800
Choose 2 answers
O The initial amount is 800
O The function is compounded continuously
The function is compounded quarterly
O The rate is 0.05%
Transcribed Image Text:What is true acording to the follawing equation: AC)= 800 Choose 2 answers O The initial amount is 800 O The function is compounded continuously The function is compounded quarterly O The rate is 0.05%
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