Concept explainers
Suppose that $12,000 is invested in a bond fund and the account grows 10 $14,309.26 in 4 yr, (See Example 2 )
a. Use the model
b. How long will it take the investment to reach $20,000 if the rate of return continues? Round to the nearest tenth of a year.
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Chapter 4 Solutions
COLLEGE ALGEBRA COREQ ALEKS 360
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