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Suppose 4000 is invested in an account which offers 625

Suppose $4000 is invested in an account which offers 6.25% compounded monthly.

a) Express the amount A in the account as a function of the term of the investment t in years

b) How much is in the account after 4 years?

c) How long will it take for the initial investment to double?

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Mathematics: Suppose 4000 is invested in an account which offers 625

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Mathematics: Suppose 4000 is invested in an account which offers 625

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