Answer:
$12,800
Step-by-step explanation:
42-18= 24
24 is the years the money is growing.
24/4=6
200x2x2x2x2x2x2=12,800
if it doubles every six years it would be 200x2x2x2x2=3,200
the difference is 9,600
At 42 years old you would have $2278.13.
If it doubles every six years, then you would have $1012.50.
since that is the terminal point, then
<u>Find Common Denominator</u>
2: 2,4,6,8,10
4: 4,8,12,16,20
CD=4
<u>Add</u>
1/4+2/4=3/4
3/4=.75