Question: Assume and account accumulate value using simple discount at an annual discount rate of 7%. a. Write the accumulation function. b. Assume the initial principal

Assume and account accumulate value using simple discount at an annual

Assume and account accumulate value using simple discount at an annual discount rate of 7%. a. Write the accumulation function. b. Assume the initial principal was $3500, write the amount function. c. Find the accumulated amount at the end of 1 2 years. d. Assume the initial principal is unknown but that the accumulated value at time t = 9 is $20,000. Determine the initial principal amount A(0)

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