If A 0 dollars are invested in a mutual fund that has an annual yield of r
Question:
If A0 dollars are invested in a mutual fund that has an annual yield of r (in %), the value of A after n years is A = A0(1 + r)n .
(a) Solve for n.
(b) How many years does it take A to double if r = 4.00%?
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a To solve for n we can isolate it on one side of t...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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