What was the initial amount invested in the account? The investment was started 10 years ago. What is it worth now? (Show work.) Is the investment increasing or decreasing exponentially?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.86TI: Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the...
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unu Graphs
You have inherited an investment modeled by the equation A(t) = 895(0.93)t
%3D
A) What was the initial amount invested in the account?
B) The investment was started 10 years ago. What is it worth now? (Show work.)
C) Is the investment increasing or decreasing exponentially?
D) What is the annual rate of change?
E) If you leave it in this investment and the model remains valid, what will the account be worth in 10 more
years? (Show work.)
Surname 2
Transcribed Image Text:unu Graphs You have inherited an investment modeled by the equation A(t) = 895(0.93)t %3D A) What was the initial amount invested in the account? B) The investment was started 10 years ago. What is it worth now? (Show work.) C) Is the investment increasing or decreasing exponentially? D) What is the annual rate of change? E) If you leave it in this investment and the model remains valid, what will the account be worth in 10 more years? (Show work.) Surname 2
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