7.4 Exponential Models

Write an equation given $12,000 is invested at an annual interest rate of 12% and is compounded quarterly.

Mathematical Equivalence

ON

$12,000 is invested at an annual interest rate of 12%. Find the balance after 5 years if it is compounded quarterly.

Write an equation given $12,000 is invested at an annual interest rate of 11% and is compounded monthly.

Mathematical Equivalence

ON

$12,000 is invested at an annual interest rate of 11%. Find the balance after 5 years if it is compounded monthly.

If you deposit $12,000 today at 9% annual interest compounded monthly. How much will be in the account after t years? 

Mathematical Equivalence

ON