Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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$5000 is invested in an account, which offers 2.125%, compounded daily. [Hint: How many
days are in a year?]
1) Find the amount, A(t), in the account as a function of the term of the investment t in
years.
2) Determine how much is in the account after 5 years, 10 years, and 30 years. Round
your answers to the nearest cent
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Transcribed Image Text:$5000 is invested in an account, which offers 2.125%, compounded daily. [Hint: How many days are in a year?] 1) Find the amount, A(t), in the account as a function of the term of the investment t in years. 2) Determine how much is in the account after 5 years, 10 years, and 30 years. Round your answers to the nearest cent
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