For the investment described below, V is the investment amount in dollars, t is the elapsed number of years. V = 200(1.2) (a) Describe in words how the value of the investment changes over time. Enter the exact answers. The value of the investment starts at $ 200 The investment grows by i ! % every 3 years. (b) Looking at the constants 200, 1.2 and in particular, what do these communicate about how the value of the investment changes over time?
For the investment described below, V is the investment amount in dollars, t is the elapsed number of years. V = 200(1.2) (a) Describe in words how the value of the investment changes over time. Enter the exact answers. The value of the investment starts at $ 200 The investment grows by i ! % every 3 years. (b) Looking at the constants 200, 1.2 and in particular, what do these communicate about how the value of the investment changes over time?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 56SE: The annual percentage yield (APY) of an investmentaccount is a representation ofthe actual interest...
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For the investment described below, V is the investment amount in dollars, t is the elapsed number of years.
V = 200(1.2)
(a) Describe in words how the value of the investment changes over time.
Enter the exact answers.
The value of the investment starts at $ 200
The investment grows by i
Round your answer to two decimal places.
(b) Looking at the constants 200, 1.2 and in particular, what do these communicate about how the value of the investment changes
over time?
The annual growth rate is
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%
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%.
every 3 years.
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