Question

Two friends want to buy a house and they need to save a down payment of $12,000 before they can purchase the home. They have $7,000 in a bank account earning 3.25% interest, compounded continuously. Which function models the situation and will help determine how long will they need to save in order to have their down payment?

Answer 1

Answer:

you should ask the two friends

Answer 2

Answer:

A=P[1+(r/n)]^nt

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