You deposit money into a saving account that earns interest. The balance Bo f the account after t years is given by B=1200*1.05^t dollars. a. Make a t

sjeikdom0 2021-02-19 Answered
You deposit money into a saving account that earns interest. The balance Bo f the account after t years is given by B=12001.05tdollars.
a. Make a table that shows the account balance for years 0 through 10.
b. You want to buy a home entertainment center that costs $1500. How long will you need to wait to have enough money in your savings account? Report your answer to the nearest whole year.
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Bella
Answered 2021-02-20 Author has 81 answers

a. Using the given formula, substitute t=0 through t=10. The balance should be in dollars:
t|B (dollars) 0|12001|12602|13233|1389.24|1458.65|1531.56|1608.17|1688.58|1772.99|1861.610|1954.7
b.From the table in part (a), you will have at least $1500 after 5 years (t=5)(t=5).

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