SOLUTION: Maureen deposited $19,000 at 11 percent interest compounded annually.
(a) Write an equation on your paper that expresses the amount of money in the account as a function of n,
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(a) Write an equation on your paper that expresses the amount of money in the account as a function of n,
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Question 1202490: Maureen deposited $19,000 at 11 percent interest compounded annually.
(a) Write an equation on your paper that expresses the amount of money in the account as a function of n, where n equals the number of years since the original deposit was made.
(b) Use the equation in (a) to determine how much money is in the account at the end of n = 8 years.
(c) What was the total interest earned at n = 8 years? Answer by josgarithmetic(39617) (Show Source):
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deposited $19,000 at 11 percent interest compounded annually.
(a) Write an equation on your paper that expresses the amount of money in the account as a function of n, where n equals the number of years since the original deposit was made.
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