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Use the model A Pe or A-P for t years. nt where A is the future value of P dollars invested at interest rate
Use the model A Pe" or A-P for t years. nt where A is the future value of P dollars invested at interest rate / compounded continuously or n times per year $15,000 is invested at 4.5% interest compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year. It will take approximately years for the investment to double. X
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
