Two people are placing a principal investment of $4,780 in seperate savings accounts with 5.02% annual interest. Account A uses continuously compounded interest, while account B uses simple interest. Which account can be modeled exponentially, and what is the balance after 14 years?

Q: Ford needs $800 for a down payment on a car he would like to buy in 3 years. He found an account…

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Q: Joanna deposited $ 3500.00 in an account that pays 4% annual interest, how long does it take to…

A: Use the formula as A=P1+r100t where, A=AmountP=Principalr=ratet=time

Q: If $500 is invested at 4% interest, compounded annually, then after n years the investment is worth…

A: We need to find out that after 6 years what will be the invested amount become.

Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

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Q: Charlie invests $8,000 into an account to save for college. If the investment is compounded annually…

A: We know, when a Principal amount ( P ) is compounded annually with an interest rate 'r' % and for 't…

Q: The Fogler family deposits $8,500 into a savings account that yields 6.75% interest compounded…

A: The explanation of answer as follows :-

Q: A $15000 investment earns 12.25% interest, compounded semi-annually. Approximately, how long will it…

A: Given: Initial investment = $15000 Accumulated value = 3×15000=45000 Rate of interest compounded…

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

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