account with an APR of 4.7% compounded continuously. Write a function A that determines the value of the investment (in dollars) in terms of the number of years t since the investment was made. Be sure to use proper function notation.      What is the annual growth factor for the account?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Suppose that $9400 is invested in an account with an APR of 4.7% compounded continuously.

  1. Write a function A that determines the value of the investment (in dollars) in terms of the number of years t since the investment was made. Be sure to use proper function notation.

        

  2. What is the annual growth factor for the account?

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