Answered

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Felix invested $2,800 at a rate of 3.4%, compounded quarterly. [HINT: Use the
formula A = P(1 + 5 )nt]
26 aleged to 19dmun si of bas
a) What exponential growth function would model this situation?
b) What is the value of the investment after 5 years? (Round your response to the nearest
dollar).
23.02

Sagot :

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