Mathematics, 21.05.2020 20:57 abolton04
The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06" represent in the function?
A. The interest rate of the investment
B. The initial amount of money invested
C. The growth factor of the function
D. The total amount of money earned in the investment
Answers: 3
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At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?
Answers: 2
The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06"...
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