Mathematics, 01.05.2021 05:10 chem1014
A broker promises to grow your money exponentially at 12% per year. Your starting investment is $500.
A. Write an exponential growth equation to calculate how much your investment will grow after t years.
B. What is the y- intercept and growth factor of the scenario?
C. How much money will you have in the bank after 7 years?
D. How much money will you have in the bank after 14 years?
Answers: 3
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A broker promises to grow your money exponentially at 12% per year. Your starting investment is $500...
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