Precalculus (6th Edition) Blitzer

Published by Pearson
ISBN 10: 0-13446-914-3
ISBN 13: 978-0-13446-914-0

Chapter 3 - Section 3.1 - Exponential Functions - Exercise Set - Page 449: 53

Answer

$ a.\quad {{\$}} 13,116.51$ $ b.\quad {{\$}} 13,140.67$ $ c.\quad {{\$}} 13, 157.04$ $ d.\quad {{\$}} 13, 165.31$

Work Step by Step

$ a.$ $ t=5,\quad r=0.055,\quad n=2$ $ A=10,000(1+\displaystyle \frac{0.055}{2})^{2(5)}={{\$}} 13,116.51$ $ b.$ $ t=5,\quad r=0.055,\quad n=4$ $ A=10,000(1+\displaystyle \frac{0.055}{4})^{4(5)}\approx{{\$}} 13,140.67$ $ c.$ $ t=5,\quad r=0.055,\quad n=$12 $ A=10,000(1+\displaystyle \frac{0.055}{12})^{12(5)}={{\$}} 13, 157.04$ $ d.$ Continuous, $ t=5,\quad r=0.055,$ $ A=10,000e^{0.055(5)}={{\$}} 13,165.31$
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