Account Balance:

1. Journal: Write an exponential growth equation using the natural base with a horizontal asymptote of y=-2

2. Account Balance: • You deposit $2000 in an account that earns 5% annual interest. Find the balance after 2 years if the interest is compounded monthly.

3. Compound Interest • A –future amount • P – Principal (initial amount) • r – annual rate of interest • n – number of time compounded annually • t – time left in account

4. Account Balance: • You deposit $2000 in an account that earns 5% annual interest. Find the balance after 2 years if the interest is compounded monthly.

5. Account Balance: • You deposit $3000 in an account that earns 3.5% annual interest. Find the balance after 3 years if the interest is compounded quarterly.

6. Account Balance: • You deposit $725 in an account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.

7. Compound Interest • A –future amount • P – Principal (initial amount) • e –irrational number on calculator • r – annual rate of interest • t – time left in account

8. Account Balance: • You deposit $725 in an account that earns 4.5% annual interest compounded continuously. Find the balance after 3 years.

9. Account Balance: • You deposit $3000 in an account that earns 3.5% annual interest. Find the balance after 3 years if the interest is compounded continuously.

10. Polish your evaluating exponential functions • Complete the worksheet on calculating interest

11. Assignment • Interest worksheet

12. Exponential Decay Model Exponential Growth Model

13. Assignment • Exponential Model worksheet