Given the exponential growth function y = 89(1.05)* What is the initial value of the function? What is the growth factor, or growth rate of the function?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Given the exponential growth function y = 89(1.05)*
What is the initial value of the function?
What is the growth factor, or growth rate of the function?
Transcribed Image Text:Given the exponential growth function y = 89(1.05)* What is the initial value of the function? What is the growth factor, or growth rate of the function?
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