Concept explainers
When an initial amount of P dollars is invested at
annual interest compounded m times per year, the value of the account
after t years is given by the equation
Use the equation in Question 8 to complete the table, then use the table to draw a graph of the equation. Don’t forget to label an appropriate scale on each axis.
Year (t) | Value (A) |
---|---|
0 | |
5 | |
10 | |
15 | |
20 |
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