where Pis the initial amount invested r is the interest rate as a decimal n...
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Algebra
where Pis the initial amount invested r is the interest rate as a decimal n is the number of times compounded annually and t is the number of years Which function below best represents how the change in the number of compounds per year n increases the value of the account after investing 25 at 12 interest for 25 years Account Value dollars 300 276 250 Account Value dollars 225 200 175 150 126 100 76 50 25 600 450 400 350 300 250 200 150 1000 50 a a 33393 200 1000 900 800 count Value dollars 700 600 500 400 300 1 2 3 4 5 6 7 8 9 10 11 12 Compounds per Year n 2 3 4 5 6 7 Compounds per Year n One 9 10 34547 Compounds per Year n 8
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