Consider the function:
P(t) = 3000(1.05)
P(1) models the present value of an investment after...
Mathematics, 29.01.2021 19:30 dwilburn01
Consider the function:
P(t) = 3000(1.05)
P(1) models the present value of an investment after t years. How does this investment grow over time?
exponentially by $105 per year
exponentially by 5% per year
linearly by $105 per year
Quadratically by $1052 per year
Answers: 1
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