6. Leticia's parents open a college savings account when she is born, depositing an initial amount of $1000. The college fund pays a guaranteed interest rate of 6% per year. Use the exponential growth eq. y = a(1 + r)X to answer the following questions: a) How much money will Leticia have in her account after 9 years? b) How much money will Leticia have in her account after 18 years? $_ $
6. Leticia's parents open a college savings account when she is born, depositing an initial amount of $1000. The college fund pays a guaranteed interest rate of 6% per year. Use the exponential growth eq. y = a(1 + r)X to answer the following questions: a) How much money will Leticia have in her account after 9 years? b) How much money will Leticia have in her account after 18 years? $_ $
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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Transcribed Image Text:6. Leticia's parents open a college savings account when she is born, depositing an initial
amount of $1000. The college fund pays a guaranteed interest rate of 6% per year. Use the
exponential growth eq. y = a(1 + r)X to answer the following questions:
a) How much money will Leticia have in her account after 9 years?
b) How much money will Leticia have in her account after 18 years?
$
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