Answered

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The value of a particular stock is increasing at a rate of 7% every month.
You currently own $400 worth of the stock. What would the stock be
worth in 6 months? *
Your answer

Sagot :

Answer:

$600.29.

Step-by-step explanation:

At the end of each month the value is multiplied by  107% = 1.07.

So after 6 months the value is 400(1.07)^6

= $600.29.

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