What exactly are you looking for?
-TTL
Answer:
17.043956
Step-by-step explanation:
Wow, that IS really BRAINLY! I’m so jealous
Answer:
k = 1.2
Step-by-step explanation:
Solving for t when the account value is 30,000, we have ...
30,000 = 25,000e^(0.0198t)
30,000/25,000 = 1.2 = e^(0.0198t)
ln(1.2) = 0.0198t
t = ln(1.2)/0.0198
Matching this with the form ...
t = ln(k)/0.0198
we see that k = 1.2.
_____
k is the multiplier of account value in time period t.
1. 0.7(29.95)
2. 1.04(284.99)
3. 49(0.75)(1.06)
4. 35+ 0.80m
5. 4500 (1.12)
Hope this helps!
