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What was the initial amount invested in the account? The investment was started 10 years ago. What is it worth now? (Show work.) Is the investment increasing or decreasing exponentially?

What was the initial amount invested in the account? The investment was started 10 years ago. What is it worth now? (Show work.) Is the investment increasing or decreasing exponentially?

Algebra and Trigonometry (6th Edition)
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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unu Graphs You have inherited an investment modeled by the equation A(t) = 895(0.93)t %3D A) What was the initial amount invested in the account? B) The investment was started 10 years ago. What is it worth now? (Show work.) C) Is the investment increasing or decreasing exponentially? D) What is the annual rate of change? E) If you leave it in this investment and the model remains valid, what will the account be worth in 10 more years? (Show work.) Surname 2
Transcribed Image Text:unu Graphs You have inherited an investment modeled by the equation A(t) = 895(0.93)t %3D A) What was the initial amount invested in the account? B) The investment was started 10 years ago. What is it worth now? (Show work.) C) Is the investment increasing or decreasing exponentially? D) What is the annual rate of change? E) If you leave it in this investment and the model remains valid, what will the account be worth in 10 more years? (Show work.) Surname 2
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