Problem

You deposit $3000 in an account earning 4.25% compounded weekly on January 1, 2004.a. Find...

You deposit $3000 in an account earning 4.25% compounded weekly on January 1, 2004.

a. Find a function that gives the amount in the account after t years.


b. In what month and year will the amount grow to $10,000?


c. How much is in the account on January 1, 2014?

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Solutions For Problems in Chapter 4.1