LindaCat78
19.11.2020 •
Mathematics
Mario is evaluating his retirement savings. He currently has $250,000 in his account, which earns an interest rate of 6.05% compounded continuously. He wants to determine how much he will have in the account in the future, even if he makes no additional contributions to the account. A. Write a function, A(t) , to represent the amount of money that will be in his account in t years. B. Tony's goal is to save $500,000. Will he achieve his goal in 10 years? Justify your answer.
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