Mathematics, 19.02.2021 18:30 kennedy5550
$850 is invested in an account earning 8.8% interest (APR), compounded
monthly. Write a function
showing the value of the account after t years,
where the annual growth rate can be found from a constant in the function.
Round all coefficients in the function to four decimal places. Also, determine
the percentage of growth per year (APY), to the nearest hundredth of a
percent.
Answers: 1
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$850 is invested in an account earning 8.8% interest (APR), compounded
monthly. Write a function
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