Sladengage8 Sladengage8

12-02-2021
Mathematics

contestada

The original value of an investment is $1400, and the value increases by 9%
each year. Uşe an exponential growth function to find the value of the
investment after 25 years.

Respuesta :

madethisfortwitch1 madethisfortwitch1

12-02-2021

Answer:

120723.13

Step-by-step explanation:

annually compoudning interest works like this

PV(1+i)^n

which means we have

14000(1+.09)^25

put this into a calculator and get

120723.13

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