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3241004551 [841]
3 years ago
14

The value of an investment is expected to grow by 5% per year.

Mathematics
1 answer:
koban [17]3 years ago
5 0

Answer:

C

Step-by-step explanation:

This is simple application of the rule of 72.

The rule of 72 determines how long an investment will take to double given fixed interest rate. We divide 72 by annual rate of return and get the estimate of number of years it will take for investment to double.

Thus, here, rate of interest is 5%, so we divide 72/5 and get our rough estimate.

72/5 = 14.4 Years

That's about 14 years, answer choice C

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Answer:

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Initial depth = 16 feet

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Calculate the future value of an investment of $2300, after 7 months, earning 6.6% APR, compounded monthly, by compounding manua
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The future value of an investment, P after n years at an APR of r% compounded t times a year is given by
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Given <span>an investment of $2300, after 7 months, earning 6.6% APR, compounded monthly, the future value is given by
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4 years ago
Help me on this problem please
Ivan

You want the equation for a line that goes through the data points (0, 248) and (5, 277). The slope is ∆y/∆x = (277-248)/(5-0) = 29/5 = 5.8. The first data point is the y-intercept, so your equation in slope-intercept form is

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Answer:

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<em>Comment on this solution</em>

When a problem statement tells you the ratio of one kind of item to another, it is often convenient to group the items in that ratio and deal with the groups. Sometimes, there will be a few missing or left over, for example "10 more than 3 times as many." In those cases, you can make an adjustment to the total and still deal with the groups. (Any equations you might write will effectively do this same thing.)

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