makennadavi2027 makennadavi2027

21-02-2024
Mathematics

contestada

. An initial investment of $2000 grows with 7% interest compounded monthly
a) Write an equation for the situation.
b) What is the balance after 30 years?
c) Let’s say you decided to invest even earlier but you only had $1000 to invest. How much would you have after
40 years?

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