help me with question 3 . For example, if Eloisa invests in an I-bond which compounds twice a year with APR 8%,8%then each 6 months, the money in the account will be assessed4% interest. This2is 4% semi-annual growth. Thus the growth factor is 1.04.(a) Fill in the table for how much money is in Eloisa's I-bond at each time after initialinvestment of $200, assuming the interest rate does not change.1.5 years2 years t yearstamount0 months 6 months$200=1 year(b) As a percent, how much larger is Eloisa's account after one year compared to heroriginal investment? What was the percent change? . Explain why APY is higher than APR in problem 2. Under what circumstances wouldAPRAPY?An initial amount $P is invested at an APR r (in decimal form) and compounded n timesper year. The amount in the account after t years since the initial investment is given byr ntthe formula A(t) = P= P [(¹ + 7 )”]* = P (¹ + 7 ) ™².n

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. For example, if Eloisa invests in an I-bond which compounds twice a year with APR 8%, 8% then each 6 months, the money in the account will be assessed 4% interest. This is 4% semi-annual growth. Thus the growth factor is 1.04. (a) Fill in the table for how much money is in Eloisa's I-bond at each time after initial investment of $200, assuming the interest rate does not change. 1 year 1.5 years 2 years t amount = 0 months 6 months $200 t years (b) As a percent, how much larger is Eloisa's account after one year compared to her original investment? What was the percent change?

. For example, if Eloisa invests in an I-bond which compounds twice a year with APR 8%, 8% then each 6 months, the money in the account will be assessed 4% interest. This is 4% semi-annual growth. Thus the growth factor is 1.04. (a) Fill in the table for how much money is in Eloisa's I-bond at each time after initial investment of $200, assuming the interest rate does not change. 1 year 1.5 years 2 years t amount = 0 months 6 months $200 t years (b) As a percent, how much larger is Eloisa's account after one year compared to her original investment? What was the percent change?

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

Problem 27PS

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