1 Suppose that $56,000 is invested at 4-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t=0, 3, 7, and 10 years. a) The function for the amount to which the investment grows after t years is A(t) = (Simplify your answer. Type an expression using t as the variable.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
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5.2.6

1
Suppose that $56,000 is invested at 4-% interest, compounded quarterly.
a) Find the function for the amount to which the investment grows after t years.
b) Find the amount of money in the account at t=0, 3, 7, and 10 years.
a) The function for the amount to which the investment grows after t years is A(t) =
(Simplify your answer. Type an expression using t as the variable.)
Transcribed Image Text:1 Suppose that $56,000 is invested at 4-% interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Find the amount of money in the account at t=0, 3, 7, and 10 years. a) The function for the amount to which the investment grows after t years is A(t) = (Simplify your answer. Type an expression using t as the variable.)
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