Question
$780 is invested in an account earning 2% interest (APR), compounded monthly. Write a function showing the value of the account after t years, where
$780 is invested in an account earning 2% interest (APR), compounded monthly. Write a function showing the value of the account after t years, where the annual a growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent.
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Concepts In Analysis Geometry
Authors: J K Kashyap
1st Edition
9353146453, 9789353146450
