Mathematics, 03.03.2021 04:00 chloejaylevesque
$410 is invested in an account earning 4% 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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$410 is invested in an account earning 4% interest (APR), compounded monthly.
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