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11. f0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You invest $10,000 in Rapid Growth Funds, which appreciate by 4% per
11. f0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You invest $10,000 in Rapid Growth Funds, which appreciate by 4% per year, with yields reinvested quarterly. By how much in dollars) will your investment have grown after 7 years? (Round your answer to the nearest cent.) $ Need Help? 12. [-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER During a prolonged recession, property values on Long Island depreciated by 10% every 6 months. If my house cost $200,000 originally, how much (in dollars) was it worth 12 years later? (Round your answer to the nearest dollar) $ Need Help? Watch Submit Al. 13. (-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Stocks in a certain industry depreciated by 5.5% in the first 5 months of 1993. Assuming that this trend were to continue, how much in dollars) would a $20,000 investment be worth in 5 years? (HINT: Five years corresponds to 12 five-month periods.) (Round your answer to the nearest cent.) $ Need Help? Read Watch
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