Solution-Function of the term of the investment

Function of the term of the investment

Assignment Help Mathematics

Reference no: EM131115010

Suppose $4000 is invested in an account which offers 6.25% compounded monthly.

a) Express the amount A in the account as a function of the term of the investment t in years

b) How much is in the account after 4 years?

c) How long will it take for the initial investment to double?

Reference no: EM131115010

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Function of the term of the investment : Suppose $4000 is invested in an account which offers 6.25% compounded monthly. a) Express the amount A in the account as a function of the term of the investment t in years

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Function of the term of the investment

Reference no: EM131115010

Reference no: EM131115010

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