marierobinson77
marierobinson77 marierobinson77
  • 20-03-2018
  • Mathematics
contestada

You deposit $600 into an account that pays 6% interest compounded annually. Find the multiplier for the rate for exponential growth.

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mathstudent55
mathstudent55 mathstudent55
  • 20-03-2018
6% = 0.06
1 + 0.06 = 1.06

Answer: 1.06
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