Question: Recall the in-class problem scenario from In-Class Activity 8.C. Your work in that activity may help with this modified version. Part A: Write an equation

Recall the in-class problem scenario from In-Class Activity 8.C. Your work in that activity may help with this modified version. Part A: Write an equation to represent B, the balance in an account after / years, with an initial investment of $1,000 with an interest rate of 3%, compounded each year. Part B: Create a graph of the compound interest model. (Use a spreadsheet, graphing calculator, or other graphing utility, or sketch by hand.) Use a time scale that runs from 0 to 40 years. Choose the best description of the graph below and bring a copy of your graph to class. Select an answer Part C: Use the equation to compute the balance after 30 years. Part D Compare this amount to the amount you computed in class when compounding 2% interest for 30 years. How much more total interest do you earn when compounding 3% instead of 2%? S Question Help: Message instructor Calculator Submit

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