A graphing calculator is recommended. Solve the following exercise on a graphing calculator by graphing...
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A graphing calculator is recommended. Solve the following exercise on a graphing calculator by graphing an appropriate exponential function (using x for ease of entry) together with a constant function and using INTERSECT to find where they meet. You will have to choose an appropriate window. (Round your answers to one decimal place.) A bank account grows at 7% compounded quarterly. (a) How many years will it take to double? (b) How many years will it take to increase by 50%?
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