Suppose you invest $ 2,000 at 45% Interest compounded daily. F(t) represents value of investments
in t years
A) Find equation For F(+)
B) use equation to find how much account will
be worth in 30 years round to nearest cent
C) How much you should invest now in
order to have 14.000 in 9 years round to the nearest cent

You will have $29,000 in 30 years, and you need to start with about $2,772.28 to make $14,000 in 9 years

Step-by-step explanation:

To find the total investment use the equation

Where A equals total investment, P is your start investment, r is your rate, and t is time.

To find the start investment use the equation

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.