The table below shows the value, V, of an investment (in dollars) n years after 1992. n 1 3 7 19 V(n) 4120 4283 4919 12 14 5874 6050 6663 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to the nearest whole number, and round the "b" value to three decimals. Use the indicated variables and proper function notation. V(n) Based on the your regression model, what is the percent increase per year? The value of this investment is increasing at a rate of % per year. Based on the your regression model, what is value of this investment in the year 1992? Round your answer to the nearest dollar. The value of this investment is $ in the year 1992.
The table below shows the value, V, of an investment (in dollars) n years after 1992. n 1 3 7 19 V(n) 4120 4283 4919 12 14 5874 6050 6663 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to the nearest whole number, and round the "b" value to three decimals. Use the indicated variables and proper function notation. V(n) Based on the your regression model, what is the percent increase per year? The value of this investment is increasing at a rate of % per year. Based on the your regression model, what is value of this investment in the year 1992? Round your answer to the nearest dollar. The value of this investment is $ in the year 1992.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question

Transcribed Image Text:The table below shows the value, V, of an investment (in dollars) n years after 1992.
1
3
7
4120 4283 4919
12
14
5874 6050
n
V(n)
6663
Use your calculator to determine the exponential regression equation that models the set of data above.
Round the "a" value to the nearest whole number, and round the "b" value to three decimals. Use the
indicated variables and proper function notation.
V(n)
Based on the your regression model, what is the percent increase per year?
The value of this investment is increasing at a rate of
% per year.
Based the your regression model, what is value of this investment in the year 1992? Round your
answer to the nearest dollar.
The value of this investment is $
in the year 1992.
Based on the your regression model, what is value of this investment in the year 2002? Round your
answer to the nearest dollar.
The value of this investment is S
in the year 2002.
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