For a laboratory assignment, if the equipment is working, the density function of the observed outcome x is f(x) = 2(1 − x), 0
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Each year, the current balance is multiplied by 1.07.
After 8 years, we'll have multiplied it by 1.07 eight times.
This can be written as
, which has a value of $34363.72, to the nearest cent.
After 8 years, we'll have multiplied it by 1.07 eight times.
This can be written as