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THE QUESTIONS ARE IN THE IMAGE BELOW, ANSWER QUESTIONS WITH EXPLANATION Exponential Word Problems Classwork Name: Suppose that $50,000 from a retirement account is invested

THE QUESTIONS ARE IN THE IMAGE BELOW, ANSWER QUESTIONS WITH EXPLANATION

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Exponential Word Problems Classwork Name: Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 20 years, the value is $194,809.67. a. Use the model A = P9."t and determine the rate of return. Given your answer as both a decimal, then multiply by 100 to convert it to a percent. b. How long will it take the investment to reach one-quarter million dollars? Round to two decimal places

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