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Please Help ASAP! The question is in the picture.

Please Help ASAP! The question is in the picture.-example-1
User Vince M
by
3.9k points

1 Answer

2 votes

Answer:

$150012.84 or $150013 rounded

The growth factor is 1.07

Explanation:

First create the equation:

y=1.07x+150,000

Then substitute:

y=1.07(12)+150,000

Calculate:

y=150012.84

User Gulty
by
4.9k points