The initial balance of a mutual fund is $1800. The fund is expected to grow in value at an annual rate of 5%.
2 answers:
Answer:
the answer is 1800(1.05)^x
hope this helps
Given Initial balance 1800 Annual rate 0.05 Y the value of mutual fund X time in years The equation models the value of the mutual fund is Y=1800 (1+0.05)^x Y=1800 (1.05)^x...answer Hope it helps!
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