Mathematics, 19.04.2021 22:30 braxtengames

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 stock be worth in 3 years?

Answers: 1

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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 stock 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 stock be worth in 3 years?