Mathematics, 14.04.2021 01:50 katie713518
Write a compound interest function to model the following situation. Then, find the balance after the given number of years. $16,000 invested at a rate of 1.2% compounded monthly;7 years
A. A=16,100 (1.001)^7t; $17,469
B. A=16,100 (1.1)^12t; $6,766,377,209
C. A=16,100(1.001)^12t; $17,510
D. A=16,000(0.001)^12t; $24,150
Answers: 2
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Write a compound interest function to model the following situation. Then, find the balance after th...
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