Mathematics, 28.01.2020 16:02 NobleWho

You deposit $400 into an account that pays 2% annual interest compounded quarterly.
part a: write an exponential model that describes the situation.
part b: determine the value of the account after 5 years. round to two decimal places.

Answers: 2

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You deposit $400 into an account that pays 2% annual interest compounded quarterly.
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You deposit $400 into an account that pays 2% annual interest compounded quarterly. part a: write an exponential model that describes the situation. part b: determine the value of the account after 5 years. round to two decimal places.

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You deposit $400 into an account that pays 2% annual interest compounded quarterly.
part a: write an exponential model that describes the situation.
part b: determine the value of the account after 5 years. round to two decimal places.