account balance:
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Journal: Write an exponential growth equation using the natural base with a horizontal asymptote of y=-2. Account Balance:. You deposit $2000 in an account that earns 5% annual interest. Find the balance after 2 years if the interest is compounded monthly. Compound Interest. A –future amount - PowerPoint PPT PresentationTRANSCRIPT
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Journal: Write an exponential growth equation using the natural base with a horizontal asymptote of y=-2
![Page 2: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/2.jpg)
Account Balance:
You deposit $2000 in an account that earns 5% annual interest. Find the balance after 2 years if the interest is compounded monthly.
![Page 3: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/3.jpg)
7Compound Interest
• A –future amount• P – Principal (initial amount)• r – annual rate of interest• n – number of time compounded annually• t – time left in account
![Page 4: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/4.jpg)
Account Balance: You deposit $2000 in an account that earns
5% annual interest. Find the balance after 2 years if the interest is compounded monthly.
![Page 5: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/5.jpg)
Account Balance: You deposit $3000 in an account that earns
3.5% annual interest. Find the balance after 3 years if the interest is compounded quarterly.
![Page 6: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/6.jpg)
Account Balance:
You deposit $725 in an account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.
![Page 7: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/7.jpg)
7Compound Interest
• A –future amount• P – Principal (initial amount)• e –irrational number on calculator• r – annual rate of interest• t – time left in account
![Page 8: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/8.jpg)
Account Balance: You deposit $725 in an
account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.
![Page 9: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/9.jpg)
Account Balance: You deposit $3000 in an account that earns
3.5% annual interest. Find the balance after 3 years if the interest is compounded continuously.
![Page 10: Account Balance:](https://reader030.vdocument.in/reader030/viewer/2022033019/56815efd550346895dcdbb7b/html5/thumbnails/10.jpg)
Polish your evaluating exponential functions
Complete the worksheet on calculating interest
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Assignment
Interest worksheet
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Exponential Decay Model
Exponential Growth Model
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Assignment
Exponential Model worksheet