MA 111 Study Guide - Final Guide: Savings Account, Interest, Geometric Progression

• School: University of Kentucky
• Department: Mathematics
• Course: MA 111
• Professor: All

Document Summary

Ma 111 review for exam 5: your parents purchased a government bond 18 years ago at 5 1. 6965 = p (1 + 0. 055 18) = p (1. 99); p = 6965. 100 = 0. 055, t = 18, f = 6965. So: suppose you deposit into a savings account with a 5% apr. (a) if the interest is compounded yearly, how much money will be in the account in. 100 = 0. 05, n = 1, p = 250, t = 20. 100 = 0. 05, n = 365, p = 250, t = 20: use the apy to answer the following: which of the following investments is better: a. Check to see by what percent grows in one year in each case. In the rst case, r = 4, r = 4. This means that the apy is 1. 0425 1 n)nt. 100 = 0. 0425, n = 1, p = 1, t = 1.