Mathematics
bubblesbuttercup
2015-11-07 14:55:57
If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential function and solve.
ANSWERS
BenedictLafaver
2015-11-07 20:41:41

The answer is 9,116.3 7500*(1+0.05)^4 

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