If $10,000 is invested at 10%

timer Asked: Dec 5th, 2015

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If $10,000 is invested at 10% compounded quarterly, the future value of the investment is given by S=1000(2^x/7) where x is the number of years after the investment is made.a) Use logarithms to solve this equation for xb) Find when the future value of the investment is $19,504.

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