MRS. FOX
Chapter 5 Project Part A: Create a PowerPoint, book, or posterDefinitions for the following:Exponential FunctionGrowth factorDecay factorLogarithmic functionCommon logarithmsExponential equationProperties of the Exponential Function Properties of the Logarithmic Function Properties of logarithms Properties of natural logarithmsFour examples of each item: Exponential form to logarithmic formGraphingEvaluating logarithms Using properties of logarithms Using properties of natural logarithms Solving exponential and logarithms equations Part B: Compound Interest Project Applied Algebra IIThe goal is to use compound interest formulas to investigate and compare savings situations and clearly communicate the solution. Role:You are the financial consultant for a young couple who are in need of financial advice. Situation: A lot of people are looking to earn the most they can on their savings. You have been hired as a financial consultant to help people determine the best options for their savings plans. Utilizing your compound interest skills, you need to convince the young couple of the best option for their savings. Scenario:Kyle and Katie Smith wish to invest in a no-risk savings account. They currently have $25,000 in an account bearing 5 ? % annual interest, compounded continuously. The following options are available to them:Keep the money in the account they currently haveInvest the money in an account bearing 5 7/8% annual interest, compounded annually Invest the money in an account bearing 5 ? % annual interest, compounded quarterlyDetermine the equation for the value for the investment as a function of time for each of the three options.Graph all three functions on the same coordinate plane so each graph is distinguishable. Be sure to label all information. Include tables of expected amounts for 6 years. The couple is hoping to have $35,000 saved for a down payment on a house within 6 years. Write a brief summary stating their best option and make sure to show all icPointsPART ADefinitions/10Examples/24PART BEquation for each of the three options./9Graph all three functions on the same coordinate plane so each graph is distinguishable. Each graph is labeled /12Tables of expected amounts for 6 years. /9Brief summary stating the couples best option with all work shown/8Organization and professional presentation/8Total/80 ................
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