SOLUTION: 1. The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t year
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Question 1031612: 1. The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model A=7800e^0.056t. How much did you initially invest in the account?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model A=7800e^0.056t. How much did you initially invest in the account?
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Ans: $7800
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Cheers,
Stan H.
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