hayelyben hayelyben

11-11-2022
Mathematics

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In 1992, a sum of $6000 is invested at a rate of 6% per year for 8 years.
a. What is the growth rate?
b. What is the initial amount?
c. How many growth periods are there?
d. Write an equation that models the growth of the investment, and use it to
determine the value of the investment after 11 year.

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