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Mathematics, 09.07.2021 16:10 38amica

William invested $12,000 in a bank account that pays 9 percent simple interest. His friend invested the same amount at another bank that pays 8 percent interest compounded quarterly. These two functions, where t is time in years, represent the value of the investments: f(t) = 12(1.02)4t g(t) = 12(1.09)t The functions are graphed, and the point of intersection lies between 0.5 and 1.2. Based on the table, approximately how long will it be until both investments have the same value? Value of t f(t) = 12(1.02)4t g(t) = 12(1.09)t 0.5 12.48 6.54 0.6 12.58 7.84 0.7 12.68 9.16 0.8 12.79 10.46 0.9 12.89 11.87 1.0 12.99 13.08 1.1 13.09 14.39 1.2 13.20 15.70 A. 0.9 year B. 1.0 year C. 1.1 years D. 1.2 years

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William invested $12,000 in a bank account that pays 9 percent simple interest. His friend invested...

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