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The initial profit is $208 . The profit increases by 26% every 6 years. Choose the correct equation for the total profit after t number of years. O A. P=208(1.26)6t OB. P = 208(0.26) ® c. P= 208(1.26) 6 O D. P=208 + 26t O E. P= 208(0.26)®t What is the yearly growth factor? (round to the nearest ten-thousandth) What is the yearly growth rate? (round to the nearest hundredth of a percent) | %

The initial profit is $208 . The profit increases by 26% every 6 years. Choose the correct equation for the total profit after t number of years. O A. P=208(1.26)6t OB. P = 208(0.26) ® c. P= 208(1.26) 6 O D. P=208 + 26t O E. P= 208(0.26)®t What is the yearly growth factor? (round to the nearest ten-thousandth) What is the yearly growth rate? (round to the nearest hundredth of a percent) | %

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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The initial profit is $208 . The profit increases by 26% every 6 years. Choose the correct equation for the total profit after t number of years. O A. P= 208(1.26)6t O B. P= 208(0.26) 6 Oc. P= 208(1.26) 6 O D. P= 208 + 26t O E. P= 208(0.26)6t What is the yearly growth factor? (round to the nearest ten-thousandth) What is the yearly growth rate? (round to the nearest hundredth of a percent) % When will the profit reach $2000? (round to the nearest hundredth) years
Transcribed Image Text:The initial profit is $208 . The profit increases by 26% every 6 years. Choose the correct equation for the total profit after t number of years. O A. P= 208(1.26)6t O B. P= 208(0.26) 6 Oc. P= 208(1.26) 6 O D. P= 208 + 26t O E. P= 208(0.26)6t What is the yearly growth factor? (round to the nearest ten-thousandth) What is the yearly growth rate? (round to the nearest hundredth of a percent) % When will the profit reach $2000? (round to the nearest hundredth) years
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