subject
Mathematics, 31.03.2021 20:10 alisonnn101

You inherit $10,000 and decide to invest the money in mutual funds for your 5 year old daughter's future college expenses. After 6 years pass you decide to check on the value of your investment. You
find the balance after 6 years to be 18,000.
a) What is the growth rate in these 6 years for your investment. Round to the nearest thousandth.
b) Write an explicit equation for your investment.
c) Assuming your investment continues to grow at this rate, what is the value in 12 years?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 13:00
1/3(x-10)=-4 solve for x with steps
Answers: 1
question
Mathematics, 21.06.2019 18:30
Atriangle with all sides of equal length is a/an triangle. a. right b. scalene c. equilateral d. isosceles
Answers: 2
question
Mathematics, 21.06.2019 21:10
Given: lines a and b are parallel and line c is a transversal. prove: 2 is supplementary to 8 what is the missing reason in the proof? statement reason 1. a || b, is a transv 1. given 2. ∠6 ≅ ∠2 2. ? 3. m∠6 = m∠2 3. def. of congruent 4. ∠6 is supp. to ∠8 4. def. of linear pair 5. ∠2 is supp. to ∠8 5. congruent supplements theorem corresponding angles theorem alternate interior angles theorem vertical angles theorem alternate exterior angles theorem
Answers: 3
question
Mathematics, 21.06.2019 21:30
Aboard 60 in. long is cut two parts so that the longer piece is 5 times the shorter. what are the length of the two pieces?
Answers: 1
You know the right answer?
You inherit $10,000 and decide to invest the money in mutual funds for your 5 year old daughter's f...
Questions
question
Physics, 14.01.2021 18:20
question
Mathematics, 14.01.2021 18:20
question
Chemistry, 14.01.2021 18:20
question
Mathematics, 14.01.2021 18:20
question
Chemistry, 14.01.2021 18:20
question
Chemistry, 14.01.2021 18:20