If A 0 dollars are invested in a mutual fund that has an annual yield of r (in ), the value of A after n years is A A 0 (1 r) n (a) Solve for n (b) How many years does it take A to double if r 4 00 ...

a To solve for n we can isolate it on one side of t ...

If A 0 dollars are invested in a mutual fund that has an annual yield of r

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If A₀ dollars are invested in a mutual fund that has an annual yield of r (in %), the value of A after n years is A = A₀(1 + r)ⁿ .

(a) Solve for n.

(b) How many years does it take A to double if r = 4.00%?

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Apr 08, 2023 04:11 AM

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If A 0 dollars are invested in a mutual fund that has an annual yield of r

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Basic Technical Mathematics

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