document.write( "Question 1089548: 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=3200e^0.06t How much did you initially invest in the account? \n" ); document.write( "
Algebra.Com's Answer #703899 by Theo(13342)![]() ![]() You can put this solution on YOUR website! the exponential growth equation is F = P * e^(RT)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "F is the future value \n" ); document.write( "P is the present value \n" ); document.write( "R is the interest rate per time period \n" ); document.write( "T is the number of time periods\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in your equation, F is equal to A and P is equal to 3200 and R is equal to .06\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the equation becomes A = 3200 * e^(.06 * T)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "therefore, your initial investment in the equipment has to be 3200.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |