Asked by bhdrkn 4 years ago

The problems below follow closely the examples shown in the background materials. Complete these problems showing your work and turn them in by the end of the Module.

An initial investment of $1000 is appreciated for 8 years in an account that earns 2.5% interest, compounded annually. Find the amount of money in the account at the end of the period.

Let f(x) = 3^{x}. Find f( 3) and f(1/3).

Solve the equation 1296 ^{x } = 6

If $ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $ 5000 at 4%? Round to the nearest tenth.

Simplify the expression. 3 ^{log }_{3}^{(6x 4)}

Take the current amount you have in your checking or savings account. Suppose you have a choice of keeping your money for five years in a savings account with a 2% interest rate, or in a five year certificate of deposit with and interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with *continuous* compounding. *The current amount in my account is $4,237.*

An initial

bhdrkn

Answered by yoKev 4 years ago

**Excerpt from file: **Tutorial The problems below follow closely the examples shown in the background materials. Complete these problems showing your work and turn them in by the end of the Module. 1. An initial investment of 1000 is appreciated for 8 years in an account that earns 2.5% interest, compounded annually.

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Surround your text in `*italics*`

or `**bold**`

, to write a math equation use, for example, `$x^2+2x+1=0$`

or `$$\beta^2-1=0$$`

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Asked: 4 years ago