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Olin [163]
2 years ago
11

Economists predict that Americans will spend $1,180 on electonics in

Mathematics
1 answer:
lisov135 [29]2 years ago
8 0
Money spent by Americans last year=$1,180-6.8% of $1,180
=$1099.76
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2 years ago
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5 0
3 years ago
Activity Give the exponential model for the following situation​
Otrada [13]

Answer:

Suppose that a couple invested $50,000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, ( A ) Give an exponential model for the situation, and ( B ) Will the money be doubled by the time the child turns 18 years old?

( A ) First picture signifies the growth of money per year.

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a = p(1 + \frac{r}{n} ) {}^{nt}a=p(1+

n

r

)

nt

a = 50.000.00(1 + \frac{0.044}{1} ) {}^{(1)(18)}a=50.000.00(1+

1

0.044

)

(1)(18)

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(1)(18)

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Step-by-step explanation:

Hope This Help you!!

6 0
2 years ago
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