Friday

November 28, 2014

November 28, 2014

Posted by **Anonymous** on Friday, November 27, 2009 at 11:11pm.

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 2:17amA = 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 partial-year 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 ...