해법
Addison is going to invest in an account paying an interest rate of 6% compounded continuously. How much would Addison need to invest, to the nearest ten dollars, for the value of the account to reach 94, 000 in 5 years?
해법
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Translate the problem into an equation:
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Edwin's father is twice as old as Edwin. Five years ago, the sum of their ages was 59 years old. Calculate Edwin's age.Tyee is going to invest in an account paying an interest rate of 4.7% compounded monthly. How much would Tyee need to invest, to the nearest dollar, for the value of the account to reach 98,000 in 8 years?Julieta is going to invest in an account paying an interest rate of 4% compounded monthly. How much would Julieta need to invest, to the nearest hundred dollars, for the value of the account to reach 190 in 7 years?If the sum of two consecutive odd integers is 92, find the integers.8000 are invested in a bank account at an interest rate of 6 percent per year. Find the amount in the bank after 12 years if interest is compounded monthly.