Compound Interest And Investment Growth
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Suppose that $ 750 is invested at 7%interested, compounded semiannually. Given that A=(1+r/n)^nt
a. The function for the amount to which the investment grows after t years.
b. Find the amount of money in the at t=1,6,10,15 and 25 years
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Hi,
a. Using the given values, we have:
r = 0.07
n = 2
r/n = 0.07/2 =
P = 750
So the function ...
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