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26.02.2021 •
Mathematics
A particular mutual fund offers 4.5% nominal APR compounded monthly. Trevor wishes to deposit $1000.
a) what is the percent rate of change per month for this account?
b) write a formula for the amount Trevor will have in the account after m months.
c) doubling time is the amount of time it takes for an investment to double. what is the doubling of trevors investment?
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Ответ:
can you explain more the question please