A sum of $4,000 is invested at an interest rate of 9% per ye…

Questions

A sum оf $4,000 is invested аt аn interest rаte оf 9% per year, cоmpounded semiannually. Hint: the first part is you determining the formula to use and substituting information so you have the input variable t and output variable y = A(t) . Then the second part is you getting the value and approximating to the hundredth as indicated. (Hint: Your base will round to 6 decimal places for formula in part a). ​ (a) Find the value A(t) of the investment after t years. ​ A(t) = __________ ​ (b) Use the graph of A(t) to determine when this investment will amount to $25,000. Please give the answer to two decimal places. ​ t = __________ years