4) Consider an investment of $6000 that earns 4.5% interest. A) Write an equation to describe the value V(t) of the investment at time t if the interest is compounded daily. B) What is the value of the investment after 15 years if the interest is compounded annually? C) How long would it take for the investment to reach $15,000 if the interest is compounded monthly? Round your answer to the nearest tenth. hol

4) Consider an investment of $6000 that earns 4.5% interest. A) Write an equation to describe the value V(t) of the investment at time t if the interest is compounded daily. B) What is the value of the investment after 15 years if the interest is compounded annually? C) How long would it take for the investment to reach $15,000 if the interest is compounded monthly? Round your answer to the nearest tenth. hol

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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Question

A = 0.05in.
4) Consider an investment of $6000 that earns 4.5% interest.
A) Write an equation to describe the value V(t) of the investment at time t if the interest is compounded
daily.
B) What is the value of the investment after 15 years if the interest is compounded annually?
not
C) How long would it take for the investment to reach $15,000 if the interest is compounded monthly?
Round your answer to the nearest tenth.

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