MATH 144 GCU Exponential Models and Amount of Initial Investment Question

Question Description

I don’t understand this Algebra question and need help to study.

Use the digits of your birthday (6/17/1965) as the amount of your initial investment (i.e., 6/25 is $625), calculate the value of this investment after 10 years at 3.5% APR for interest compounded yearly, quarterly, monthly, and daily. What do you notice?

Here is a video giving you an example how to use compounded interest formula.

com/watch?v=OQ9Mv2jwQWo&t=35s” target=”_blank” rel=”noopener”>https://www.youtube.com/watch?v=OQ9Mv2jwQWo&t=35s