Assignment 2(1)

# Assignment 2(1) - 4,400 a(2/a(6 = 3,465.49 Instructors...

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Unformatted text preview: 4,400 a(2)/a(6) = 3,465.49 Instructors Comment: 0.0 5 On December 1, 2009 Allan placed 4,300 into a saving account which earns 3.4% when the balance is below \$5000 and 5.4% when the balance is above \$5000. On December 1, 2023 Allan withdraws 3,000. If no other deposits or withdrawals take place, how much money will Allan have on December 1, 2021? Your Answer: 7413.52 Correct Answer: 4897.13 0.0 Gradebook Help Logout Maple T.A. - Gradebook http://maple-ta4.math.uwaterloo.ca:8080/mapleta/gradebook/gr. .. 1 of 2 4/6/09 9:04 AM Question Grade Comment: After 4.510959 years the AV is 4,300(1+0.034) 4.510959 = 5000On December 1, 2023 the AV is 5000(1+0.054) (14 - 4.510959)-3,000 = 5,235.79461On December 1, 20021 the AV is 5,235.79461(1+0.034)-2 = 4,897.13 Instructors Comment: Maple T.A. - Gradebook http://maple-ta4.math.uwaterloo.ca:8080/mapleta/gradebook/gr. .. 2 of 2 4/6/09 9:04 AM...
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Assignment 2(1) - 4,400 a(2/a(6 = 3,465.49 Instructors...

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