Donetta is investing $6,000 in a stock fund that is offering a constant annual interest of 5%.
A) Is this situation an example of an exponential growth or exponential decay?Why? State your answer by relating the two function quantities given in the
problem
B) Write the exponential function equation. Define both parameters as they relate
to the problem situation. For the growth or decay factor work, show the
substitution into the formula.
Convert the exponential function equation into the equivalent function form of
the geometric sequence. Be sure the function includes the parameter 0 a .
Define both parameters as they relate to the geometric sequence.
Determine the first term of the sequence: 1 a =
E) Write the geometric sequence in function form, which includes the parameter 1 a :
Write the recursive form of the geometric sequence for this situation. Define
both parameters as they relate to the problem situation.
Using the recursive form of the geometric sequence, list the first five terms of
the sequence. Show all calculations by substituting values into the formula.
Round your answers to the nearest hundredth.