Rewrite each of the compound interest equations in question 2 as an exponential equation in the standard
Question:
Rewrite each of the compound interest equations in question 2 as an exponential equation in the standard form a 5bc.
Data From Problem Question 2
In each of the following compound interest equations with t representing the account term, determine the number of times the account is compounded per year and the interest rate percent.
a. 2254 = 2000(1.002)12t
b. 244.04 = 200(1.01)2t
c. 6900 = 6000(1.006)6t
d. 15669.93 = 10000(1.00375)12t
e. 268.57 = 100(1.025)2t
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a The number of times 2 The interest rate percent 2 b The number of times 2 T...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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