29 In order to plan for his family s future Michael has

Last updated: 2/28/2023

29 In order to plan for his family s future Michael has decided to invest some of his money into a mutual fund that starting from the present his broker estimates will increase by 15 percent every 4 years If Michael invests 20 000 into the mutual fund which of the following expressions represents his broker s estimate of his mutual fund s worth t years from now 4 A 20 000 1 15 B 20 000 0 15 C 20 000 1 15 4t D 20 000 0 15