SOLUTION: Please help solve the problem.
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
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Exponential-and-logarithmic-functions
-> SOLUTION: Please help solve the problem.
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
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Question 617944: Please help solve the problem.
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 = 4800e0.055t. How much did you initially invest in the account? Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! equation is A = 4800 * e^(.055t)
looks to me like the initial investment is 4800.
when t = 0, the value of A = 4800 * e^(.055t) becomes 4800 * e^0 which becomes 4800 * 1 which becomes 4800.
when t = 0, the year is 2000 + 0 = 2000.
that's the year of your initial investment.
that makes 4800 your initial investment.
