Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 V(n) 4600 5678.78 7883.59 11931.09 13511.09 18859.61 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, 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? Find V(15). Round your answer to two decimal places. V(15) = %3D Interpret your answer by completing the following sentence. Be sure to use units in your answer. is "The value of the investment after

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter11: Managing Transaction Exposure
Section: Chapter Questions
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Exponential Regression
The table below shows the value, V, of an investment (in dollars) after n years.
3
12
14
19
V(n)
4600
5678.78
7883.59
11931.09
13511.09
18859.61
Use your calculator to determine the exponential regression equation that models the set of data above.
Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables
and proper function notation.
V(n) =
%3D
Based on the your regression model, what is the percent increase per year?
Find V(15). Round your answer to two decimal places.
V(15) =
Interpret your answer by completing the following sentence. Be sure to use units in your answer.
is
"The value of the investment after
How Jong will it take for the value of this investment to reach $10,500? Round your answer to two decimal
places.
V (n) = 10500 when n =
%3D
Interpret your answer by completing the following sentence. Be sure to use units in your answer.
the value of the investment will reach
In
How long will it take for the value of the investment to double? Round your answer to two decimal places.
V(n) has doubled when n =
Interpret your answer by completing the following sentence. Be sure to use units in your answer.
In
the value of the investment will double.
Transcribed Image Text:Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 V(n) 4600 5678.78 7883.59 11931.09 13511.09 18859.61 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables and proper function notation. V(n) = %3D Based on the your regression model, what is the percent increase per year? Find V(15). Round your answer to two decimal places. V(15) = Interpret your answer by completing the following sentence. Be sure to use units in your answer. is "The value of the investment after How Jong will it take for the value of this investment to reach $10,500? Round your answer to two decimal places. V (n) = 10500 when n = %3D Interpret your answer by completing the following sentence. Be sure to use units in your answer. the value of the investment will reach In How long will it take for the value of the investment to double? Round your answer to two decimal places. V(n) has doubled when n = Interpret your answer by completing the following sentence. Be sure to use units in your answer. In the value of the investment will double.
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