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An initial investment of $5000 grows at 7% per year. Write the function represents the value of the investment after t years.

An initial investment of $5000 grows at 7% per year. Write the function represents the value of the investment after t years.
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5 votes
An initial investment of $5000 grows at 7% per year. Write the function represents the

value of the investment after t years.

asked
User Behrouz Riahi
by
8.3k points

1 Answer

5 votes

Answer: V(t) = 5000 * (1.07)^t

Explanation:

answered
User Onelaview
by
7.9k points
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