A(t) = P(1+3)"
A(t) = Per
6. An investment of $500 is made at 2.8% nominal yearly...
Mathematics, 30.05.2020 05:02 Maddi1144
A(t) = P(1+3)"
A(t) = Per
6. An investment of $500 is made at 2.8% nominal yearly interest compounded quarterly.
(a) Write an equation that models the amount A the investment is worth t-years after the principal has
been invested.
(d) How much more would the 10 year investment be if the interest was compounded continuously?
Answers: 2
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