Mathematics, 08.03.2021 14:50 SkyeShadow525
4. Joseph's grandparents gave him $3,000 to invest for his high school graduation. He is considering two investment
plans. Plan A will pay him 3.5% interest compounded annually. Plan B will pay him 3.6% compounded quarterly.
a. Write a function of Plan A and Plan B that calculates the value of each account after n years.
b. Algebraically determine, to the nearest tenth of a year, how long it would take for Plan A to triple Joseph's initial
investment
Answers: 1
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4. Joseph's grandparents gave him $3,000 to invest for his high school graduation. He is considering...
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