Hi there
The formula is
A=p (1+r)^t
A future value 14400
P present value 1200
R interest rate 0.04
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(14,400÷1,200)÷log(1+0.04)
T=63.4 years
Hope it helps
Answer:
should be pretty similar to how a parabola looks
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(C) -6 is the correct option.
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