SOLUTION: 1. Suppose an investment of $15,000 doubles every 15 years. How much is the investment worth after 60 years?
a. $24,000
b. $240,000
c. $30,000
d. $225,000
2. Suppose you dep
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Finance
-> SOLUTION: 1. Suppose an investment of $15,000 doubles every 15 years. How much is the investment worth after 60 years?
a. $24,000
b. $240,000
c. $30,000
d. $225,000
2. Suppose you dep
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Question 742388: 1. Suppose an investment of $15,000 doubles every 15 years. How much is the investment worth after 60 years?
a. $24,000
b. $240,000
c. $30,000
d. $225,000
2. Suppose you deposit $1500 in an account paying 1.5% interest, compounded annually. Which expression represents the value
of the investment after 8 years?
a. 1500 x 1.15^8
b. 1500 x 0.08^15
c. 1500 x 0.15^8
d. 1500 x 1.015^8
3. You need at least 15 pencils or markers. You want to spend at most $14 on pencils and markers. Pencils p are $0.75 each
and markers m are $1.35 each. Which system of inequalities models the situation?
a. p + m >14
0.75p + 1.35m >15
b. p + m ≥15
0.75p + 1.35m ≤14
c. p + m ≥14
0.75p + 1.35m ≤15
d. p + m >15
0.75p + 1.35m <14
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