Mathematics, 02.03.2021 23:00 mateoperkins
A banker has a retirement portfolio that increases at a particular rate per year. The total amount, in dollars, in the portfolio can be modeled by the equation. y = p (1 + q )x What is the meaning of the parameter p in this model?
It is the amount in the portfolio after x years.
It is the initial amount in the portfolio.
It is the number of years the banker has had the portfolio.
It is the rate of change for the portfolio per year.
Answers: 1
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A banker has a retirement portfolio that increases at a particular rate per year. The total amount,...
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