SOLUTION: You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. Which equation below gives the amount of money you
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Question 1068028: You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. Which equation below gives the amount of money you will have in the account after t years?
A.) A(t) = 2,000e^5t
B.) A(t) = 2,000e^0.05t
C.) A(t) = 2,000(1.5)^t
D.) A(t) = 2,000(1.05)^t Answer by ikleyn(52776) (Show Source):
