Mathematics, 10.06.2021 16:20 officialrogerfp3gf2s
1. Jaryssa invested $10,000 in a construction fund paying 12% return every year. Jaryssa considered 2 options for her investment:
1) collecting the return every year.
2) re-invest all the returns in the same fund.
John claimed that after 7 years, Jaryssa will end up with the same amount of money from this investment, while Larry strongly disagreed.
a) Calculate how much money would Jarrysa receive from this investment. (Net of her initial $10,000)
b) Write a function to represent the value of Jarrysa's investment under each option
c) Graph the 2 functions in part b)
d) When would the 2 options give her the same return?
e) How long would it take for Jaryssa to have 20,000 under each plan
Answers: 3
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1. Jaryssa invested $10,000 in a construction fund paying 12% return every year. Jaryssa considered...
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