Mathematics, 25.12.2019 13:31 apodoltsev2021
An investment grows according to the exponential equation y = 15,000 · 1.07x, where x is the number of years invested. which of the following statements is true?
a. the investment will continue to grow at a rate of 7% per year compounded quarterly.
b. the investment will increase by $1050 per year.
c. the investment will more than double within 12 years.
d. the investment will triple within 15 years
Answers: 3
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An investment grows according to the exponential equation y = 15,000 · 1.07x, where x is the number...
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