Doubling time. In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58 % . Assume that money invested in this fund continues to earn 9.58 % compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
Doubling time. In its first 10 years the Janus Flexible Income Fund produced an average annual return of 9.58 % . Assume that money invested in this fund continues to earn 9.58 % compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
Solution Summary: The author calculates the time to the nearest year in which the amount invested in the Gabelli growth Fund is doubled that produces an average annual return of 9.58%.
Doubling time. In its first
10
years the Janus Flexible Income Fund produced an average annual return of
9.58
%
. Assume that money invested in this fund continues to earn
9.58
%
compounded annually. How long (to the nearest year) will it take money invested in this fund to double?
3. In the space below, describe in what ways the
function f(x) = -2√x - 3 has been
transformed from the basic function √x. The
graph f(x) on the coordinate plane at right.
(4 points)
-4
-&-
-3
--
-2
4
3-
2
1-
1 0
1
2
-N
-1-
-2-
-3-
-4-
3
++
4
2. Suppose the graph below left is the function f(x). In the space below, describe what
transformations are occuring in the transformed function 3ƒ(-2x) + 1. The graph it on the
coordinate plane below right. (4 points)
1
1. Suppose we have the function f(x) = = and then we transform it by moving it four units to the
right and six units down, reflecting it horizontally, and stretching vertically by 5 units. What will
the formula of our new function g(x) be? (2 points)
g(x) =
Chapter 2 Solutions
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