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Google Chrome File Edit View History Bookmarks Profiles Window Help Q 8 Thu Oct 23 3:23 PM Home | myLU LU HW: 2.1, 2.3 - 2.4, and 2.6 A ALEKS - Jacob Cascio - HW: ora Problem S X G Find the compound interest a 20 www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-li-WSp540wncg8Tof4a5q5fmgWG31RYRVbH2NRsTzz_VgguxITC3QJxVuFuDOOpPiuPScUm2Z... * C 1495390 HW: 2.1, 2.3 - 2.4, and 2.6 Assignment Jacob v Al Chat with PDF Upload for Unlocks Expert Help Study Resources v Ask A Question 46 of 56 (1 point) | Question Attempt: 1 of Unlimited Espanol 45 46 47 48 49 50 51 52 53 54 55 56 solve this problem please When an initial amount of P dollars is invested at /% annual interest compounded n times per year, the value of the account (A) after t years is given by the equation Answer explanation by Al A = P( 1+" )" A = 10000 (1 + 0.06/12)^(12 t) Explanation: Ed Write an equation that represents the value in an account that starts out with an initial investment of $9000 and pays 7% interest compound monthly. Then use . Initial principal P = 10,000 that equation to fill the table and use the table to graph the equation. . Annual nominal rate r = 6% = 0.06 Years (t) Value (A) . Compounded monthly - m = 12 times per year 0 Time in years = t 5 Using the compound interest model A = P(1 + r/m)^(mt), substitute: A = 10000(1 + 0.06/12)^(12t). 1 2 3 4 10 15 Sources 20 1 _ Revised on 2 Chapter 22: 3 Section 3.2 Chapter 2 December 30, 201.. Borrowings Model.. Compound interest... Models ~ Part: 0 / 3 MATHS201F-Form.. Borrowings Model .. Lecture02 Cai Saving_.. Part 1 of 3 Verify with tutor (a) Write an equation that represents the value in an account that starts out with an initial investment of $9000 and pays 7% interest compounded monthly. The equation that represents the value of the account is A = ( 1 +) X Ask Al your follow up question. Do not enter personal information. Attach image Skip Part Check Save For Later Upload doc Submit Assignment 2025 McGraw Hill. Terms of Use | Privacy Center | Accessibility reply week 4 O 38 OCT 2 23 atv 4 exec