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Objective: define unknowns, write equations from formulas. You deposit $3000 in a savings account. The account earns 3.5% a. simple interest. Using the simple interest
Objective: define unknowns, write equations from formulas. You deposit $3000 in a savings account. The account earns 3.5% a. simple interest. Using the simple interest formula, express the future value as an equation with respect to time, t. nothingm b. compounding quarterly interest. Using the compound interest formula, express the future value as an equation with respect to time, t. nothingm c. continuously compounding interest. Using the continuously compound interest formula, express the future value as an equation with respect to time, t.
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