Robbie opens an account at a local bank by depositing $100. The account pays 2.4% interest, compounded
Question:
a. How much is in the account after three years?
b. Write the future value function if x represents the number of weeks.
c. Use a graphing calculator to graph the future value function.
d. Using the graph, what is the approximate balance after 2 years? Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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