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kenny6666 [7]
3 years ago
5

The relative growth rate for a certain type of mutual fund is 5.1% per year. An account is opened with a balance of $35,000. How

much is the mutual fund worth in 5 years? In your final answer, include all of your calculations.
Mathematics
1 answer:
icang [17]3 years ago
3 0
What do you mean by "relative growth rate?"

You need to specify whether this situation involves compounding, and, if it does, whether it's continuous compounding, monthly, annual or what.

Just supposing that it's semi-annual compounding:


A = $35000 (1 + 0.051/2)^(5*2)

   = $35000(1.0255)^10   =   $35000 (1.2863) = $45021.99   (answer)
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Plsss help. Thanks!!
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Answer:

401

Step-by-step explanation:

1. Approach

To solve this problem, one first has to think about the given figure in a certain way. In the figure, one can see that it is a circle attached on either side of a rectangle. To find the perimeter of the figure, one has to find the circumference of the circle and then add two sides of the rectangle to the answer

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The formula to find the circumference of a circle is;

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~ diameter times the value (pi)

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