Register

Which furction represents the amount (in thousands ) after t years of an investment that has an initial value of 15,000 at 3.5% interest compounded every 4 months?

Which furction represents the amount (in thousands ) after t years of an investment that has an initial value of 15,000 at 3.5% interest compounded every 4 months?
asked 129k views
5 votes
Which furction represents the amount (in thousands ) after t years of an investment that has an initial value of 15,000 at 3.5% interest compounded every 4 months?

asked
User Supamiu
by
8.8k points

1 Answer

1 vote

Answer:


f(t) = 15 {(1 + (.035)/(3)) }^(3t)

answered
User Marco Antonio
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!