document.write( "Question 1128725: For the following exercise, use the compound interest formula, A(t) = P(1 + r/n)^nt , where money is measured in dollars. \r
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document.write( "After a certain number of years, the value of an investment account is represented by the expression
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document.write( "10,200(1 + 0.05/12)^ 120.
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document.write( "What was the initial deposit made to the account? \r
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document.write( "I'm confused as to how to solve the equation. Am I suppose to solve the second equation and then multiply it by 10, 200? or solve it a different way? \n" );
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Algebra.Com's Answer #745212 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! It's not an equation unless you see an \"=\" sign. \n" ); document.write( "You can make an equation from it and say: \n" ); document.write( " \n" ); document.write( "Initially, no time has gone by yet, so \n" ); document.write( "and \n" ); document.write( "to the zero power is \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So, the initial amount is $10,200 \n" ); document.write( " \n" ); document.write( " |