Mathematics, 19.02.2020 02:46, zoieihazel
You invest an amount of money in a mutual fund. After four years, the balance of your account is $1669.34 and after ten years, it is $2576.29.
a. If you were to graph this trend, what would the coordinates of your points be?
b. Assuming the interest rate is constant from year to year and compounded annually, what is the initial amount you invested? the interest rate? Explain how you determined these values.
Answers: 3
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You invest an amount of money in a mutual fund. After four years, the balance of your account is $16...
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