MAT 144 Topic 6 Discussions GCU

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MAT 144 Topic 6 Discussions GCU

MAT 144 Topic 6 DQ 1

Use the digits of your birthday as the amount of your initial investment (i.e., 6/25 is $625), calculate the value of this investment after 10 years at 3.5% APR for interest compounded yearly, quarterly, monthly, and daily. What do you notice?

MAT 144 Topic 6 DQ 2

Using the average inflation rates from: http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ use the geometric mean to find the average percent change
in inflation for the past 5 years.