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?
<pre>{{{matrix(1,3, A, "=", Pe^(rt))}}} is the exponential growth formula, where P is the Principal, or the PV, or the Initial Amount invested. 
{{{matrix(1,3, A, "=", "3,200"e^(.06t))}}} <b><========= Compare to this</b>
You'll see that P, or the Principal, or the PV, or the Initial Investment is: {{{highlight_green("$3,200")}}}