12. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much willthe account be worth after 3 years(b) If you invest $ 3000 in an account that pays 9% APR compounded monthly, how much will theaccount be worth after 3 years? 7:46 PM Tue Nov 30O 76%T+ :13. Convert the following logarithmic equations to exponential form.(a) log(2) = r(b) In(r + 1) = 3(c) log2(8) = 314. Write your answer to the following complex number computations in the form a + bi where a and b arereal numbers.(a) (3+ i)(4 – 2i)5+ 20i(b)1- 2i14

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Answered: 2. (a) If you invest $ 3000 in an…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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(2) You know that your family will have a reunion in 2 years and you need to save for the trip. You estimate that the trip will cost about $2,000 and you have access to an account earning 4% compounded monthly. If you saved for the trip by depositing a constant amount in the account every month, how much would you need to deposit each month in order to save for the trip? How much interest do you earn, all together?
An employee deposits $600 in to her TRS account every month. The account earns an annual rate of 8% compounded monthly. If she stops contributing to the account after 12 years and leaves the money in the account until she retires 23 years later, what is the total interest earned in these years?
How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $8000 in three years?
What annual interest rate would allow Karen to double her investment if it is compounded quarterly for 6 years? round to 2 decimal places.
At the time of her grandson's birth, a grandmother deposits $12000 in an account that pays 4% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? This is what I have thus far: P=12000 r=4% = 0.04 t=21 (#of years) n=12 (monthly) A=12000(1+0.04/12)12(21) A=12000*1.003 = 1203612(21) having trouble calculating the exponents. I am getting $25527.98, but answer is $27758 and I don't know what I am doing wrong, please help
Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded daily. At the end of 6 months she has earned 12 dollars in intrest?
How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $13,000 in three years?
A couple plans to invest money into an account that earns 9% interest, compounded quarterly, for their child's college education. What principal must be deposited by the parents when their child turns 5 in order to have $25,000 when the child reaches the age of 18?

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2. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much will the account be worth after 3 years (b) If you invest $ 3000 in an account that pays 9% APR compounded monthly, how much will the account be worth after 3 years?