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Mathematics, 02.03.2021 23:00 mateoperkins

A banker has a retirement portfolio that increases at a particular rate per year. The total amount, in dollars, in the portfolio can be modeled by the equation. y = p (1 + q )x What is the meaning of the parameter p in this model? It is the amount in the portfolio after x years.

It is the initial amount in the portfolio.

It is the number of years the banker has had the portfolio.

It is the rate of change for the portfolio per year.

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