Evaluate the function to answer the question. The value in dollars of a $5,000 investment after n years is given by f(n) = 5,000(1.05)^n. Find the value of the investment (in dollars) after 4 years. (Round your answer to the nearest cent.)

Evaluate the function to answer the question. The value in dollars of a $5,000 investment after n years is given by f(n) = 5,000(1.05)^n. Find the value of the investment (in dollars) after 4 years. (Round your answer to the nearest cent.)

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter6: Exponential Functions And Sequences

Section: Chapter Questions

Problem 8CT

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