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ayla invests $3000 for 8 months in an account that earns /./% hat amount will Shayla receive when the investment matures? D a) $3154 O b) $154 O c) $5217.6 d) $2846

ayla invests $3000 for 8 months in an account that earns /./% hat amount will Shayla receive when the investment matures? D a) $3154 O b) $154 O c) $5217.6 d) $2846

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A gardener plants 4 trees. Each spring, he takes 3 cuttings from each tree he started the previous year, and uses the cuttings to start new trees. Identify the equation that models the number of new trees, T in the nth year. T- 4 x 3" O b) -4x T-3x4* d) 2-4x3
Transcribed Image Text:A gardener plants 4 trees. Each spring, he takes 3 cuttings from each tree he started the previous year, and uses the cuttings to start new trees. Identify the equation that models the number of new trees, T in the nth year. T- 4 x 3" O b) -4x T-3x4* d) 2-4x3
Shayla invests $3000 for 8 months in an account that earns 7.7% interest per year. What amount will Shayla receive when the investment matures? a) $3154 b) $154 c) $5217.6 d) $2846
Transcribed Image Text:Shayla invests $3000 for 8 months in an account that earns 7.7% interest per year. What amount will Shayla receive when the investment matures? a) $3154 b) $154 c) $5217.6 d) $2846
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