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31 October, 19:56

A bank deposit that earns that earns interest annually is given by the function f (x) = 1500 (1.04) ^x. What is the initial deposit?

a. $1,500

b. $1.04

c. $1,560

d. $40

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Answers (1)
  1. 31 October, 20:12
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    x=0 (initial) f (x) = 1500
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