Evaluate the function to answer the question. The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after 5 years. (Round your answer to the nearest cent.) $
Evaluate the function to answer the question. The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after 5 years. (Round your answer to the nearest cent.) $
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
Question
![Evaluate the function to answer the question.
The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after
5 years. (Round your answer to the nearest cent.)
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1c69db3f-8251-46ae-ae41-7fe879b1d543%2Fdf3e72c2-6f0e-4a5c-b1a3-d3c8cac30ddd%2F99wu75l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Evaluate the function to answer the question.
The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after
5 years. (Round your answer to the nearest cent.)
$
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