oddans56 - (c) $6,004.79 (d) $6,028.98 (e) $ 6,041.26 13....

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Odd-Numbered Answers to Exercise Set 5.6: Applications 1. A(t) = the total amount of money in the investment after t years P = the principal, i.e. the original amount of money invested r = the interest rate, expressed as a decimal (rather than a percent) n = the number of times that the interest is compounded each year t = the number of years for which the money is invested 3. (a) P (b) ) ( t A 5. (a) $28,319.85 (b) 13.95 years 7. (a) $9,072.14 (b) 16.95 years 9. (a) $17,926.76 (b) 5.60 years 11. (a) $5,901.45 (b) $5,969.37
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Unformatted text preview: (c) $6,004.79 (d) $6,028.98 (e) $ 6,041.26 13. $10,133.46 15. 6.14% 17. Option (a) is a better investment (7.5%, compounded quarterly). 19. (a) 250 rabbits (b) 2% per day (c) 271 rabbits (d) 380 rabbits (e) 34.66 days 21. (a) t e t N 75 . 000 , 18 ) ( = (b) 7,261,718 bacteria (c) 2.27 hours 23. 3,113 people 25. (a) 317 buffalo (b) 387 buffalo (c) 57.44 years 27. (a) 70 grams (b) 27.62 grams (c) 39.46% (d) 11.18 days 29. (a) t e t m 0139 . 75 ) ( = (b) 24.67 grams (c) 144.96 years...
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