Try another version of this question Get help: Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
The account balance can be modeled by the exponential formula `S(t)=P(1+r/n)^(nt)`, where `S` is the future value, `P` is the present value, `r` is the annual percentage rate written as a decimal, `n` is the number of times each year that the interest is compounded, and `t` is the time in years.
(A) What values should be used for `P`, r, and `n`?
`P=` ,`" "` `r=` ,`" "` `n=`
(B) How much money will Carla have in the account in `10` years?
Answer = $ .
Round answer to the nearest penny.
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity