Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
New Topic  
EruIluvatar EruIluvatar
wrote...
Posts: 111
Rep: 0 0
2 years ago
An investment of P dollars is deposited in a savings account that is compounded quarterly with an annual interest rate of r, where r is expressed as a decimal. The amount of money A in the account after t years is given by A = P (1 + r/4)4t. Use this equation to determine the time it takes for an investment of $10,000 to increase to $12,000 if it is placed in an account that is compounded quarterly with an annual interest rate of 1.6%. Round to the nearest tenth.

▸ 2.9 years

▸ 9.6 years

▸ 45.7 years

▸ 11.4 years
Textbook 
Calculus: Early Transcendentals

Calculus: Early Transcendentals


Edition: 3rd
Authors:
Read 111 times
1 Reply
Replies
Answer verified by a subject expert
EvolutionEvolution
wrote...
Posts: 64
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

EruIluvatar Author
wrote...

2 years ago
Smart ... Thanks!
wrote...

Yesterday
Brilliant
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1409 People Browsing
Related Images
  
 320
  
 219
  
 3461
Your Opinion
Do you believe in global warming?
Votes: 488