3 years ago

Sherman entered the following values into the TVM Solver on his graphing

Mathematics

2 answers:

Nitella [24]3 years ago

7 0

Answer:

18.6

Step-by-step explanation:

Nuetrik [128]3 years ago

3 0

Answer:

B. 18.6

Step-by-step explanation:

The 'rule of 69' says the value will be doubled in 69/i years, where i is the annual interest rate in percent (compounded continuously). The interest rate is given as 3.7%, so the prediction is

n = 69/3.7 = 10.649

n ≈ 10.6

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