Stion 24 3 Pts 12 Suppose 3 000 Is Invested For T Years At 3 1 Interest Compounded Monthly A Write An Equation In Co 1 (20.67 KiB) Viewed 33 times
Stion 24 3 Pts 12 Suppose 3 000 Is Invested For T Years At 3 1 Interest Compounded Monthly A Write An Equation In Co 2 (15.98 KiB) Viewed 33 times
Stion 24 3 pts 12. Suppose $3,000 is invested for t years at 3.1% interest compounded monthly a) Write an equation in compounded interest form that gives the future value, S, of the investment after t years. If necessary, please round to 5 decimal places. You may type in your work and final answer or use "Insert Media" to record your work and final answer if this option is available.
12. Using the equation found in a) : : b) Find the future value of the investment in 6 years. Round to two decimal places. dollars c) Find the number of years it will take the investment to double. Round to the nearest whole year. years
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