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QUESTION
The total amount of money in a savings account after t years is given by the function = 5000(1.031)^t. How could this function be rewritten to identify the monthly interest rate? What is the monthly
The total amount of money in a savings account after t years is given by the function = 5000(1.031)^t.
How could this function be rewritten to identify the monthly interest rate? What is the monthly interest rate?
