How much the balance will change over the next 10 years

Reference no: EM13179272

The balance of investment t years from now can be model by y = b(t) = 24500(1.063t) dollars. a)
According to this model, how much the balance will change over the next 10 years?

This is the answer, please explain in detail how you got the answer

b(10) - b(0) = $20,633.48 this is the change in balance over the next 10 years

Reference no: EM13179272

Questions Cloud

What would be the force required to push : what would be the force required to push a 100 pound object along a ramp that is inclined 10 degree with the horizonal.

Marions production cost report : Marion Chemicals produces a chemical used as a base in paints. In the manufacturing process, all materials are added at the start of the process, whereas labor and overhead are added evenly throughout production.

What is the probability of pasinng at least one subject : the probability of passing english 0.72 and the probability of passing statistics 0.81and the probability of passing both 0.68. what is the probability of pasinng at least one subject or none.

Find a formula for the terminal velocity : I need to find a formula for the terminal velocity

How much the balance will change over the next 10 years : b(10) - b(0) = $20,633.48 this is the change in balance over the next 10 years

Define the pareto optimality framework : Government consumption in our model is simply a "waste", that is it does not affect anyone's utility or affect the production process. Use the Pareto Optimality framework. For each of them,solve the social planner's problem and show the equations ..

Determine the entering variable and leaving variable : Transform the following linear programming model into proper form for solution by the simplex method (including the artificial variable) and generate the initial simplex tableau. Determine the entering variable and leaving variable.

Write a piecewise definition of the charge : Telephone rate. A second long-distance telephone service charges $0.09 per minute or fraction thereof for calls lasting 10 minutes or more and $0.18 per minute or fraction thereof for calls lasting less than 10 minutes.

Prepare a production cost report for the month of august : Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Raw wool is processed, spun, and finished before being shipped out to knitting and weaving companies.

User Account

All Pages