8 Martin opened a money market account.Martin's investment account balance, tothe nearest dollar, can be determined usingthe exponential function f(x) = 1000(1.06)*where x represents the number of years%3Dthe money is left to grow untouched in theaccount. Which of the following bestrepresents the meaning of the value 1,000in the function?F The interest rate.G The number of years the investmentneeds to grow.H The initial deposit used to open theaccount.The number of times the interest willcompound, or be calculated, each year.

Here the given function is f(x) = 1000(1.06)x

E Martin opened a money market account. Martin's investment account balance, to the nearest dollar, can be determined using the exponential function f(x) = 1000(1.06)* where x represents the number of years the money is left to grow untouched in the account. Which of the following best %3D represents the meaning of the value 1,000 in the function? F The interest rate. G The number of years the investment needs to grow. H The initial deposit used to open the account. J The number of times the interest will compound, or be calculated, each year.

E Martin opened a money market account. Martin's investment account balance, to the nearest dollar, can be determined using the exponential function f(x) = 1000(1.06)* where x represents the number of years the money is left to grow untouched in the account. Which of the following best %3D represents the meaning of the value 1,000 in the function? F The interest rate. G The number of years the investment needs to grow. H The initial deposit used to open the account. J The number of times the interest will compound, or be calculated, each year.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

100%

8 Martin opened a money market account.
Martin's investment account balance, to
the nearest dollar, can be determined using
the exponential function f(x) = 1000(1.06)*
where x represents the number of years
%3D
the money is left to grow untouched in the
account. Which of the following best
represents the meaning of the value 1,000
in the function?
F The interest rate.
G The number of years the investment
needs to grow.
H The initial deposit used to open the
account.
The number of times the interest will
compound, or be calculated, each year.

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