For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) r t , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) r t , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
Solution Summary: The author calculates the time required for an account to earn 1000 in a money market account with interest compounded continuously.
For Exercises 61-70, use the model
A
=
P
e
r
t
or
A
=
P
(
1
+
r
n
)
r
t
, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11)
If $4000 is put aside in a money market account with interest compounded continuously at 2.2%, find the time required for the account to earn $1000. Round to the nearest month.
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Solve using row operations: x-3y= -4; 2x - y = 7
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using gauss’s problem
Factor the expression.
5x³ (x²+8x)² - 35x (x²+8x) 2
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