3. Determine the amount of money in a savings account that provides an annual rate of...

 

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3. Determine the amount of money in a savings account that provides an annual rate of 4% compounded monthly if the initial deposit is $1000 and the money is left in the account for 5 years. 4. The annual growth rate r for an investment can be found using In, where t is time in years, P is the present t P value, and P, is the original investment. An investment of $4000 was made in 2005 and had a value of $7500 in 2010. What was the average growth rate of the investment? Evaluate each expression. No Calculator Section. 5. log, 7' y 6. log 0.001=y 7. log, 4096=y 9.9-y 10. log, 32 = y 8. 2 ne'=y 3. Determine the amount of money in a savings account that provides an annual rate of 4% compounded monthly if the initial deposit is $1000 and the money is left in the account for 5 years. 4. The annual growth rate r for an investment can be found using In, where t is time in years, P is the present t P value, and P, is the original investment. An investment of $4000 was made in 2005 and had a value of $7500 in 2010. What was the average growth rate of the investment? Evaluate each expression. No Calculator Section. 5. log, 7' y 6. log 0.001=y 7. log, 4096=y 9.9-y 10. log, 32 = y 8. 2 ne'=y