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Solve each problem. See Examples 6– 8.How much money will be in an account at the end of 8 yr if $\$ 4500$ is deposited at $6 \%$ annual interest compounded as follows?(a) Annually(b) Semiannually(c) Quarterly(d) Daily (Use $n=365 .$ )(e) Continuously
Algebra
Chapter 12
Inverse, Exponential, and Logarithmic Functions
Section 6
Exponential and Logarithmic Equations; Further Applications
Functions
Exponential and Logarithmic Functions
Missouri State University
Oregon State University
Harvey Mudd College
Lectures
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Is that where you have been R P r r and R T value and I plug this into our equation and for part A we want to find, uh, with if we're compounding annually. Did I give this an end value of one? So let's put that into our equation to see what? Yet we'll replace our end with one. Okay, so this gives us that A is equal to 71 some 2.32 and then four semi annually. That gives us a N value to for a value. Let's put that into our calculator. That gives us 72 to 1.18 And now, if we have quarter way, that's unethical to four. So we have a is equal to 72 for six points. 46 Okay. And if we're doing daily, we get an N value of 365 with 100 and 65 to fire of 265 times eight we yet on a value of 7 to 72.5 another for compounding continuously, we have a is equal to P p is 4500 CTO rates with his 0.6 times are your, which is eight nice. So this gives us a 7272 points 33
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