Mathematics, 04.02.2021 06:00 zaikam81

You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly
a. Write a compound interest function to model the situation.
b. How much will the stocks be worth in 3 years?

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You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly

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More questions: Mathematics Another questions

You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly a. Write a compound interest function to model the situation. b. How much will the stocks be worth in 3 years?

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Another question on Mathematics

You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly
a. Write a compound interest function to model the situation.
b. How much will the stocks be worth in 3 years?