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What equation models the value of the mutual fund x years after it was started?

Hev123  Mar 4, 2018

Best Answer 

 #1
avatar
+1

Not quite right !!

y =1,200 x (1 + 2%)^x

y =1,200 x  1.02^x - this is the correct way of writing it.

Guest Mar 4, 2018
 #1
avatar
+1
Best Answer

Not quite right !!

y =1,200 x (1 + 2%)^x

y =1,200 x  1.02^x - this is the correct way of writing it.

Guest Mar 4, 2018

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