(4) Danny creates up an investment arrangement for friend that will return $5000 the first year, $6125 the second year, $7250 the third year, and so on, for 30 years. State appropriate formulae and determine, how much will the investment yield altogether? (5) If Sandago has a present population of 70,000, and the population is increasing by 3% each year. (a) What will the population be in 10 years? (b) How long will it take for the population to double?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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(4) Danny creates up an investment arrangement for friend that will return $5000 the first year, $6125 the second year, $7250 the third year, and so on, for 30 years. State appropriate formulae and determine, how much will the investment yield altogether? (5) If Sandago has a present population of 70,000, and the population is increasing by 3% each year. (a) What will the population be in 10 years? (b) How long will it take for the population to double?

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