![Mathematics](/tpl/images/cats/mat.png)
Mathematics, 21.04.2020 22:23, samymaria1344
Tony is evaluating his retirement savings. He currently has $318,000 in his account which earns an interest rate of 7% compounded annually. He wants to determine how much he will have in the account in the future, even if he makes no additional contributions to the account.
1) Write a function, A(t), to represent the amount of money that will be in his account in t years.
2) Graph A(t) where 0≤t≤20 on a set of axes
3) Tony's goal is to save $1,000,000. Determine algebraically, to the nearest year, how many years it will take for him to achieve his goal.
4) Explain how your graph of A(t) confirms your answer.
![answer](/tpl/images/cats/otvet.png)
Answers: 2
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 18:00, vianney84
1. a parachutist is 800 feet above the ground when she opens her parachute. she then falls at a constant rate of 5 feet per second. select the equation that represents this situation. h = -800t + 5 y = -5x + 800 h = 5t - 800 y = 800x + 5 i need
Answers: 1
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Do you know the correct answer?
Tony is evaluating his retirement savings. He currently has $318,000 in his account which earns an i...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2021 03:00
![Konu](/tpl/images/cats/biologiya.png)
Biology, 17.09.2021 03:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/himiya.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 17.09.2021 03:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/en.png)
English, 17.09.2021 03:00
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 17.09.2021 03:00