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What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?

What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?
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What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?

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User Bernk
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1 Answer

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y=12 x 1.18x
12x 1.18x=14.16x
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User Latoya
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