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2 years ago

9

a. Nick deposits money in a Certificate of Deposit account (CD). The balance (in dollars) in his account t years after making th

e deposit is given by N(t)=400(1.06)tfor t ≥ 0. Explain, in terms of the structure of the expression for N(t), why Nick's balance can never be $399.

1 answer:

krok68 [10]2 years ago

7 0

Because Nick keeps giving one dollar to each person

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