The Nobel Prize Foundation recognizes its achievers by giving the equivalence of $10,000,000.00 every year to all the yearly awardees since the start of the foundation. the compounded rate applicable has always been 12%. To continuously sustain this activity, what do you think was the initial amount of money invested? with formula and explanation
The Nobel Prize Foundation recognizes its achievers by giving the equivalence of $10,000,000.00 every year to all the yearly awardees since the start of the foundation. the compounded rate applicable has always been 12%. To continuously sustain this activity, what do you think was the initial amount of money invested? with formula and explanation
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 94E
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The Nobel Prize Foundation recognizes its achievers by giving the equivalence of $10,000,000.00 every year to all the yearly awardees since the start of the foundation. the compounded rate applicable has always been 12%. To continuously sustain this activity, what do you think was the initial amount of money invested? with formula and explanation
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