Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of her purchase has been increasing at an average rate of 6-% per year. How much is the stock worth now? (Round each money calculation you make to the nearest cent.)
Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of her purchase has been increasing at an average rate of 6-% per year. How much is the stock worth now? (Round each money calculation you make to the nearest cent.)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![Three years ago, Jolene bought $625 worth of stock in a software company. Since
1
then the value of her purchase has been increasing at an average rate of 6% per
year. How much is the stock worth now? (Round each money calculation you make to
the nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F454bf2d1-e4f9-4ea8-bd5e-9e5dbd5697c2%2Fa7cdae05-5d73-4ea9-8c30-148b1e357e39%2Fqbtdaf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Three years ago, Jolene bought $625 worth of stock in a software company. Since
1
then the value of her purchase has been increasing at an average rate of 6% per
year. How much is the stock worth now? (Round each money calculation you make to
the nearest cent.)
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