Posted by Anonymous on Friday, November 27, 2009 at 11:11pm.
An investment pays 8% interest, compounded annualy.
Write an ewuatiin that expressed the amount A, of the investment as a function of time, t, in years

advanced functions  drwls, Saturday, November 28, 2009 at 2:17am
A = P(1.08)^t
where P is the initial investment or "principle"
If t is not an integer number of years, the next lower integer must be used, since interest is only compunded at the end of a year in this example. Some banks and bond transfer agents will credit partialyear interest up to the time of withdrawal, however.
Answer This Question
Related Questions
 exponential function  An investment pays 8% interest, compounded annually. a) ...
 Exponential Word Problem  An investment pays 3.5 percent interest, compounded ...
 Algebra  Greta invests $10,000 in an investment that pays 3% interest, ...
 math  RM65000 will be invested for 6 years 9 months. if the investment will be ...
 math  RM65000 will be invested for 6 years 9 months. if the investment will be ...
 math  RM65000 will be invested for 6 years 9 months. if the investment will be ...
 math  RM65000 will be invested for 6 years 9 months. if the investment will be ...
 compound interest  How do I solve these problems? Complete the table for a ...
 Maths B  Kate is thinking about investing $45000 for 5 years. She deposits her ...
 Financial Math  An investment of $2500 accumulates at 6% p.a compounded semi ...
More Related Questions