investments increase exponentially by about 60% every 6 years. if you start with a $2,500 investment, how…

investments increase exponentially by about 60% every 6 years. if you start with a $2,500 investment, how much money would you have after 18 years?\nfuture amount = 2,500(1 + 0.60)^?\nfuture amount = i(1 + r)^t\nenter the number that belongs in the green box.

investments increase exponentially by about 60% every 6 years. if you start with a $2,500 investment, how much money would you have after 18 years?\nfuture amount = 2,500(1 + 0.60)^?\nfuture amount = i(1 + r)^t\nenter the number that belongs in the green box.

Answer

Explanation:

Step1: Determine the number - of 6 - year periods

The time period is 18 years and the growth period is 6 years. We divide the total time by the growth time period. So, the number of 6 - year periods $n=\frac{18}{6}$. $n = 3$

Answer:

3