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Mathematics, 16.02.2021 17:10 hailiemanuel930

A bank account with an initial deposit of $7,000 and an interest rate of 7% increases by 7% each year. The balance (B) as a function of time in years (t) can be described by an exponential function: B(t) = 7,000(1.07)t What parameter of the exponential form f(x) = abx + k represents the initial balance of $7,000?

Parameter
(select)
represents the initial balance of $7,000.

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