Chapter 4: Q21. (page 352)
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
Short Answer
- Logarithmic form of is .
- Logarithmic form of is .
Chapter 4: Q21. (page 352)
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
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Get started for freeCompound Interest Which of the given interest rates and compounding periods would provide the better investment?
(a)per year, compounded semiannually.
(b)per year, compounded continuously.
Compound Interest If $10,000 is invested at an interest rate of 3% per year, compounded semiannually, find the value of the investment after the given number of years.
(a) 5 years (b) 10 years (c) 15 years
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
Present Value The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.
Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly, for 5 years.
Compound Interest An investment of $5000 is deposited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the investment grows at the indicated times or interest rates.
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