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Mathematics, 21.06.2019 16:30
Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88
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Mathematics, 21.06.2019 20:30
Create a question with this scenario you could ask that could be answered only by graphing or using logarithm. david estimated he had about 20 fish in his pond. a year later, there were about 1.5 times as many fish. the year after that, the number of fish increased by a factor of 1.5 again. the number of fish is modeled by f(x)=20(1.5)^x.
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