A B E H J K M L 1 Your mutual fund grows from $1200 to $1500 in 1 year. 2 3 Rate Factor 4 Part a: 0.25 25% a.) What is the annual growth rate (format as % to zero decimal places)? Growth factor (format as number 2 decimal places)? 5 6 Year Amount 0 $ 7 1.200,00 8 1,500.00 b.) Create a table of values expressing the amount in your fund through year 10 assuming this constant growth rate using the idea of a "recursive formula" from the chapter 2 $ 3$ 9 1,875.00 10 2,343.75 4 $ 5 $ 6 S 7 $ 2,929.69 11 12 3,662.11 13 4,577.64 c.) Graph this table from part b as a scatterplot and insert exponential trendline with equation 5,722.05 14 8$ 15 7,152.56 8,940.70 16 10 $ d.) What is the continuous growth rate? Type in as a decimal to 4 places and a percentage to 2 decimal places. 11,175.87 17 18 Decimal 19 % 20 Part d: 21 e.) Given the input cell for years, create an output cell for the value of your mutual fund 22 Input Year: 25 using the initial value and annual growth factor from part a. Format as currency Output Amount: 621,212.70 23 24 Part f The 25 26 i f.) Interpret the annual growth rate from part a by filling in the following sentence. is changing by 27 is changing by The perii 28 ii 29 per 30 31 g.) Given the input cell for years, create an output cell for the value of your mutual fund using the initial value and continuous growth rate from part d. Format as currency. Note: To raise e to a power use the EXP function. Input Year: 32 25 33 Output Amount 34 Part h: The 35 36 i h.) Interpret the continuous growth rate by filling in the following sentence. The is changing continuously by 37 i is changing continuo usly by per i 38 39 per 40 41 42 43 A B E H J K M L 1 Your mutual fund grows from $1200 to $1500 in 1 year. 2 3 Rate Factor 4 Part a: 0.25 25% a.) What is the annual growth rate (format as % to zero decimal places)? Growth factor (format as number 2 decimal places)? 5 6 Year Amount 0 $ 7 1.200,00 8 1,500.00 b.) Create a table of values expressing the amount in your fund through year 10 assuming this constant growth rate using the idea of a "recursive formula" from the chapter 2 $ 3$ 9 1,875.00 10 2,343.75 4 $ 5 $ 6 S 7 $ 2,929.69 11 12 3,662.11 13 4,577.64 c.) Graph this table from part b as a scatterplot and insert exponential trendline with equation 5,722.05 14 8$ 15 7,152.56 8,940.70 16 10 $ d.) What is the continuous growth rate? Type in as a decimal to 4 places and a percentage to 2 decimal places. 11,175.87 17 18 Decimal 19 % 20 Part d: 21 e.) Given the input cell for years, create an output cell for the value of your mutual fund 22 Input Year: 25 using the initial value and annual growth factor from part a. Format as currency Output Amount: 621,212.70 23 24 Part f The 25 26 i f.) Interpret the annual growth rate from part a by filling in the following sentence. is changing by 27 is changing by The perii 28 ii 29 per 30 31 g.) Given the input cell for years, create an output cell for the value of your mutual fund using the initial value and continuous growth rate from part d. Format as currency. Note: To raise e to a power use the EXP function. Input Year: 32 25 33 Output Amount 34 Part h: The 35 36 i h.) Interpret the continuous growth rate by filling in the following sentence. The is changing continuously by 37 i is changing continuo usly by per i 38 39 per 40 41 42 43
