• anonymous
To compare investments, analysts convert monthly, quarterly, and semiannual rates to annual rates. If an investment of $100,000 is invested at 3.5% per quarter, compounded quarterly, the growth can be modeled by the equation A(t) = 100,000(1.035)4t. What is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 15 years? 0.32% and$104,000 14.75% and $788,000 10.50% and$447,000 14.01% and \$714,000
Mathematics
• Stacey Warren - Expert brainly.com
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SOLVED
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