Mathematics, 19.02.2021 21:40 milkshakegrande101
Miguel plans on retiring in 16 years, and he wants to double his money by that time. He's contacted various banks, looking for a CD that compounds interest monthly, and to calculate what annual interest rate he needs, he is using the Rule of 72. Answer all parts below.
Part I: What is the rule of 72? To represent the annual interest rate, user.
Part ll: What equation can Miguel set up to solve for the annual interest rate he needs to double his money by the time he retires?
Part lll: What annual interest rate does Miguel need to double his money by the time he retires?
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Answers: 3
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Asales representative from a local radio station is trying to convince the owner of a small fitness club to advertise on her station. the representative says that if the owner begins advertising on the station today, the club's total number of members will grow exponentially each month. she uses the given expression to model the number of club members, in hundreds, after advertising for t months.
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Mathematics, 21.06.2019 23:00
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Miguel plans on retiring in 16 years, and he wants to double his money by that time. He's contacted...
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