Exam 12: Exponential and Logarithmic Functions
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Use the compound interest formula
, where P is the original amount of the investment, i is the interest rate per compounded period, n is the total number of compounding periods, and A is the value of the investment after n periods. To save for post-secondary tuition, a parent invests $8000 in a mutual fund that earns interest at the rate of 5.9% per year compounded monthly.
In approximately how many years will the investment be worth $13,700? Round to the nearest year.

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Given G(x) = ex/4, evaluate G(3). Round to the nearest ten-thousandth.
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