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14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52 weeks/year). How long will it take for her account to be worth $20.0002

14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52 weeks/year). How long will it take for her account to be worth $20.0002

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Using the formula for compound interest
14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52 weeks/year). How long will it take for her account to be worth $20,0002 15. Your parents plan to purchase a new car for you on your 16th birthday. They always pay cash but they are good planners. The car costs $18,000. A long time ago, they deposited $6,000 in an account that paid 8.5% interest. The account will have $18,000 in it by your birthday. How old were you when they created the account? Need help? Visit www.rsgsupport.org mathematics vision project C2019 Mathematics Vision Project gnits Reserved for the Additions and Enhancements mathenaticsvisionproject.org
Transcribed Image Text:14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52 weeks/year). How long will it take for her account to be worth $20,0002 15. Your parents plan to purchase a new car for you on your 16th birthday. They always pay cash but they are good planners. The car costs $18,000. A long time ago, they deposited $6,000 in an account that paid 8.5% interest. The account will have $18,000 in it by your birthday. How old were you when they created the account? Need help? Visit www.rsgsupport.org mathematics vision project C2019 Mathematics Vision Project gnits Reserved for the Additions and Enhancements mathenaticsvisionproject.org
NCTIONS-5.5 SET Tou will need technology that calculates log, where b is any number. Topic: Using the formula for compound interest Recall the equation for compound interest you used in class today: r nt = P (1+) A 11 Calculato the
Transcribed Image Text:NCTIONS-5.5 SET Tou will need technology that calculates log, where b is any number. Topic: Using the formula for compound interest Recall the equation for compound interest you used in class today: r nt = P (1+) A 11 Calculato the
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