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Published byFranklin Howard Modified over 9 years ago
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Write a function to represent the amount after t years for each situation. 1.100 grams of a compound with a half-life of 5000 years 2.12 bacteria that quadruple themselves every 2 years 3.A new car worth $35,000 that depreciates 15% per year 4.A $75,000 student loan with a 6% annual interest rate
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Homework Questions? Homework: Page 183 1-23 odd, 27, 28
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Lim 102.5937 1002.7048 10002.7169 10,0002.7181 100,0002.7183 Complete the table.
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http://www.storyofmathematics.com/18th_e uler.html http://www.storyofmathematics.com/18th_e uler.html Leonhard Euler (1707-1783)
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He spent most of his academic life in Russia and Germany. He had a long life and thirteen children. His collected works comprise nearly 900 books and, in the year 1775, he is said to have produced on average one mathematical paper every week. He had a photographic memory.
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Annually12% Semiannually Quarterly Monthly Daily (365 days) (12/365)% k times per year (12/k)% 12% Annual Growth Compounded: % growth each period Growth factor during period Amount 12% Annual Growth
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Compound Interest Equation If you invest $500 at a 10% annual interest rate that is compounded monthly, how much money will you have after 6 years?
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Lim
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If you invest $500 at a 10% annual interest rate that is compounded continuously, how much money will you have after 6 years?
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After a year during which interest is compounded quarterly, an investment of $750 is worth $790. What is the effective annual yield?
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Page 189 # 1-11 odd, 13-16 all
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