Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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

Sagot :

fieryanswererft

Answer:

(1.06)0 = 1  and positive powers of 1.06 are larger than 1, thus the minimum value N(t) attains, if t≥0, is 400.

From the point of view of the context, a CD account grows in value over time so with a deposit of $400 the value will never drop to $399.

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.