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03-11-2022
Mathematics

Answered

$8,300 is invested in an account earning 8.3% interest (APR), compounded
quarterly. 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.
Function: f(t)
=

8300 is invested in an account earning 83 interest APR compounded quarterly Write a function showing the value of the account after t years where the annual gro class=

Answer :

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