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Consider the following worksheet. You currently have $10,000 and you invest it so that it grows by a given percentage each year. In the case
Consider the following worksheet. You currently have $10,000 and you invest it so that it grows by a given percentage each year. In the case shown, where the annual increase is 5.3%, your investment will grow to $13,034 in 5 years, as found from the general formula shown for exponential growth. You want to find the value of your investment 10 years from now for each annual increase from 5.0% to 6.0% in increments of 0.1%. To do this, you create the data table shown in the following worksheet. Which of the following is true
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