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A) Use the graph to estimate the amount of money Thom will have after 5 years. Explain your thought process. 3) Use the graph to estimate how long it will take for Thom's investment to grow by n extra $10,000. Explain your thought process.

A) Use the graph to estimate the amount of money Thom will have after 5 years. Explain your thought process. 3) Use the graph to estimate how long it will take for Thom's investment to grow by n extra $10,000. Explain your thought process.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Thom invested $4000 at a rate of 6% per year compounded annually. The graph below represents the growth of their investment. 18000 46090 -14000 Amount ($) 24 40
Transcribed Image Text:Thom invested $4000 at a rate of 6% per year compounded annually. The graph below represents the growth of their investment. 18000 46090 -14000 Amount ($) 24 40
-8000 -6000 -4000 -2000 0 10 Paragraph 15 B I 20 U v 25 A) Use the graph to estimate the amount of money Thom will have after 5 years. Explain your thought process. B) Use the graph to estimate how long it will take for Thom's investment to grow by an extra $10,000. Explain your thought process. A, 30 35 - 40 45 Time in years
Transcribed Image Text:-8000 -6000 -4000 -2000 0 10 Paragraph 15 B I 20 U v 25 A) Use the graph to estimate the amount of money Thom will have after 5 years. Explain your thought process. B) Use the graph to estimate how long it will take for Thom's investment to grow by an extra $10,000. Explain your thought process. A, 30 35 - 40 45 Time in years
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