Exponential functions - Calculating Compound Interest, math homework help

Select something you could theoretically save up to buy, the dollar amount, and a time frame.

Example: Set a goal to save $50,000 over the next 18 years for your child’s college fund.

Select a bank in your area and look on their website or call them for the current interest rate for some sort of savings account.
Use the internet and other resources you have available to estimate a dollar amount and the time frame needed.
- Please cite where you got your information.
For your initial post, assume you need to put some dollar amount in the bank today to reach your goal at the end.
- Write and solve the equation needed to determine how much you need to save today to reach your goal in the future.
- Assume continually compounded interest.
You need two response posts at a minimum using two of the following options:

A graph of a classmate’s function (make sure to use the screen shots as we discussed at the beginning of class) with at least three sentences explaining how the graph represents their function.
A discussion of the domain and range of a classmate’s function and what that means in connection to their problem.
Rework of a classmate’s problem to answer the question, “how would the initial amount of money change if the time needed to reach the goal was cut in half?

Exponential functions – Calculating Compound Interest, math homework help