The following expression represents yearly growth. what is the monthly rate of growth? (1.25) ^(t)

Gallen asked Feb 11, 2023

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Gallen asked Feb 11, 2023

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23 votes

Given that yearly growth is 1.25^t.

Calculate the monthly rate of growth implies,

So, the answer is 1.25^t/12.

David Vidmar answered Feb 17, 2023

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