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ANEK [815]
3 years ago
8

What is the final balance for the investment?

Mathematics
1 answer:
xxMikexx [17]3 years ago
3 0
$23,152.50

Start: $20,000
1st year: $20,000 + $1,000.00 = $21,000
2nd year: $21,000 + $1,050.00 = $22,050
3rd year: $22,050 + $1,102.50 = $23,152.50
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In the year 1985, a house was valued at $120,000. By the year 2005, the value had appreciated exponentially to $145,000. What wa
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Answer:

The annual growth rate between 1985 and 2005 is 0.95%

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Let the annual growth rate = r

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Time (t) = 2005 - 1985

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=$152,018

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3 years ago
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