Mathematics, 20.11.2020 09:50 codyshs160
$8, 200 is invested in an account earning 5% interest (APR), compounded quarterly.
Write a function showing the value of the account after t years, where the annual
growth rate can be found from a constant in the function. Round all coefficients in
the function to four decimal places. Also, determine the percentage of growth per
year (APY), to the nearest hundredth of a percent.
Function: f(t)
Growth
% increase per year
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$8, 200 is invested in an account earning 5% interest (APR), compounded quarterly.
Write a function...
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