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A doll sold for $200 in 1975 and was sold again in 1989 for $479. Assume that the growth in the value V of the collector's item was exponential. THE a) Find the value k of the exponential growth rate. Assume V = 200. k = 0.062 (Round to the nearest thousandth.) b) Find the exponential growth function in terms of t, where t is the number of years since 1975. V(t) =

A doll sold for $200 in 1975 and was sold again in 1989 for $479. Assume that the growth in the value V of the collector's item was exponential. THE a) Find the value k of the exponential growth rate. Assume V = 200. k = 0.062 (Round to the nearest thousandth.) b) Find the exponential growth function in terms of t, where t is the number of years since 1975. V(t) =

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A doll sold for $200 in 1975 and was sold again in 1989 for $479. Assume that the growth in the value V of the collector's item was exponential. THE a) Find the value k of the exponential growth rate. Assume V = 200. k = 0.062 (Round to the nearest thousandth.) b) Find the exponential growth function in terms of t, where t is the number of years since 1975. V(t) =
Transcribed Image Text:A doll sold for $200 in 1975 and was sold again in 1989 for $479. Assume that the growth in the value V of the collector's item was exponential. THE a) Find the value k of the exponential growth rate. Assume V = 200. k = 0.062 (Round to the nearest thousandth.) b) Find the exponential growth function in terms of t, where t is the number of years since 1975. V(t) =
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