# Example 3

- Author:
- Walch Education

An investment of $500 is compounded monthly at an annual rate of 3%. What is the equation that models the value of the investment? Graph the equation both on a calculator and on graph paper.

- Author:
- Walch Education

An investment of $500 is compounded monthly at an annual rate of 3%. What is the equation that models the value of the investment? Graph the equation both on a calculator and on graph paper.