Mathematics, 13.01.2021 22:10 xxaurorabluexx
Consider the expression (1.0045)^4t that represents the interest earned on a money market account, where t is time in years. Part A) What is the approximate yearly interest rate? Part B) If a client invests $4,000 in a money market account and does not deposit or withdraw any money for the next 30 years, how much money will be in the account at the end of that 30 years?
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Consider the expression (1.0045)^4t that represents the interest earned on a money market account, w...
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