SOLUTION: you deposit $200.00 in an that pays 7% interest compund yearly. Find the multiplier for the rate of exponential growth.
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Question 271541: you deposit $200.00 in an that pays 7% interest compund yearly. Find the multiplier for the rate of exponential growth.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
you deposit $200.00 in an that pays 7% interest compounded yearly. Find the multiplier for the rate of exponential growth.
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A(t) = 200(1+ 0.07)^t
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Multiplier: 1.07^t
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Cheers,
Stan H.
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