contestada

$5,000 is invested in an account earning 3.9% interest (APR), compounded daily. Write a function showing the value of the account after tt years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent.

Respuesta :

27tristenjones

Answer:The annual percentage rate (APR) of an account, also called the nominal rate, is the yearly interest rate earned by an investment account. ... We can calculate the compound interest using the compound interest formula, which is an exponential function of the variables time t, principal P, APR r, and number of compounding ...

Step-by-step explanation:

Otras preguntas