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24 April, 02:44

If the equation was A=d (1.005) ^12t models an investment A after t years with an initial deposit d, what would the value of the investment be if he had deposited $1000?

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  1. 24 April, 05:45
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    Step-by-step explanation:

    A=d (1.005) ^12t

    where d=1000

    so the equation will be:

    A=1000 (1.005) ^12t

    but if the time given, let say t=4

    A=1000 (1.005) ^12t

    subtitute t into the equation

    A=1000 (1.005) ^ (12*4)

    A=1000 (1.005) ^36

    A=1000 (1.197)

    A=1197

    so if he deposit $1000 after 4 years the investment will be around $1197
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