A restaurant owner deposits $6,000 into an account that earns an annual interest rate of 6% compounded monthly. Find an exponential growth model for A, the value of the account (in dollars) after t years. A= ? What is the value of the account (in dollars) after 3 years? Round to the nearest cent. $ ?

A restaurant owner deposits $6,000 into an account that earns an annual interest rate of 6% compounded monthly. Find an exponential growth model for A, the value of the account (in dollars) after t years. A= ? What is the value of the account (in dollars) after 3 years? Round to the nearest cent. $ ?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 19E

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