Mathematics, 20.05.2021 02:00 marfeliz5953
Rebecca has a college savings plan. the equation represents how much money she expects to have saved after x years is f(x) = 5000(1.08)^x.
What does the value 1.08 represent in the equation? Select all that apply.
- The value increases by 896 each year
- The initial amount saved
- The rate of growth is 8% each year
- The rate of growth is 108% each year
- The time it takes to have $5,000 saved
Answers: 2
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Rebecca has a college savings plan. the equation represents how much money she expects to have saved...
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