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18 June, 16:56

The original value of an investment is $1400, and the value increases by 9%each year. Write am exponential growth function to model this situation. Then find the value of tje investment after 25 years

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  1. 18 June, 17:12
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    Let us create a model from the formula P (t) = P_0e^ (kt).

    P_0 = initial value

    k = growth rate per year

    t = time in years

    Here is the model needed:

    P (t) = 1400e^ (25) (0.09).
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