Mathematics, 31.03.2021 20:10 alisonnn101

You inherit $10,000 and decide to invest the money in mutual funds for your 5 year old daughter's future college expenses. After 6 years pass you decide to check on the value of your investment. You
find the balance after 6 years to be 18,000.
a) What is the growth rate in these 6 years for your investment. Round to the nearest thousandth.
b) Write an explicit equation for your investment.
c) Assuming your investment continues to grow at this rate, what is the value in 12 years?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 15:30, lyndamahe0

Come up with a new linear function that has a slope that falls in the range 10 m − < < . choose two different initial values. for this new linear function, what happens to the function’s values after many iterations? are the function’s values getting close to a particular number in each case?

Answers: 1

continue

Mathematics, 21.06.2019 15:30, fefebat

Using two or more complete sentences, describe how you can find a vector parallel to b=-2,3

Answers: 2

continue

Mathematics, 21.06.2019 16:30, jimyyyy

Which composition of similarity transformations maps polygon abcd to polygon a'b'c'd'? a dilation with a scale factor less than 1 and then a reflection a dilation with a scale factor less than 1 and then a translation a dilation with a scale factor greater than 1 and then a reflection a dilation with a scale factor greater than 1 and then a translation

Answers: 3

continue

Mathematics, 21.06.2019 17:30, kelenski4

Which of the following is true for the relation f(x)=2x^2+1

Answers: 3

continue

You know the right answer?

You inherit $10,000 and decide to invest the money in mutual funds for your 5 year old daughter's f...