Inactive Tutor answered • 02/18/15
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Y * (1+0.95/12) ^12X
Hannah S.
asked • 02/18/15Help on this problem
Grace deposits $1000 in a mutual fund earning 9.5% annual interest, compounded monthly.
Write an exponential function that models the situation where Y is the amount of Grace's investment and X is time in years.
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J.C. B.
02/23/15