adr04114 adr04114

31-05-2023
Mathematics

Answered

You deposit $4000 in a risky investment that loses 4% interest yearly. Unfortunately, the money is tied up in the investment and cannot be withdraw,
a) Write a formula that represents the amount of your money in the account at the end of each year.
b) How much money do you have in your account after 4 years?

Answer :

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