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Precalculus 7 Online
OpenStudy (anonymous):

Please read my replies as well (a) Suppose on Jan 1, 1997 Dave invested $2,000 into a bank account at 5% interest compounded continuously. Let y(t) be the value of Dave's investment after t years. Give an exact formula for y(t) (b) Also on Jan 1, 1997 John decides to invest. He put $2,500 into an account at 3% interest compounded monthly. Let g(t) be the value of John's investment after t years. Give an exact formula for g(t). (c) Which account is worth more after 9 years? [ Must show work to receive credit.] (d) To the nearest tenth, at what time t is the value of both accounts the same

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