Match the descriptions with the compound interest formulas. A(t) gives the balance in dollars in...
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Match the descriptions with the compound interest formulas. A(t) gives the balance in dollars in an account after t years.A(t) = a(1+ r/4)^4tA(4) = a(1 + r/k)^4kA(t) = a(1 + 0.04/k)^ktA(t) = 4(1 + r/k)^ktA(t) = a(1 + 1.04/k )^ktThis account starts with 4 dollars.This is the balance in the account after 4 years.This account earns interest at a 4% nominal rateThis account earns interest 4 times a year.None of these
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