The amount of money M, in billions of dollars, invested by venture capital firms during year x is estimated by M = 1.95x – 3886.45, where x is any year from 2005 to 2008. Find the amount of money invested in 2006.

The amount of money M, in billions of dollars, invested by venture capital firms during year x is estimated by M = 1.95x – 3886.45, where x is any year from 2005 to 2008. Find the amount of money invested in 2006.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...

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Question

d) The amount of money M, in billions of dollars,
invested by venture capital firms during year x is
estimated by M = 1.95x – 3886.45, where x is
any year from 2005 to 2008.
Find the amount of money invested in 2006.
Write your answers in complete sentences.

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