Mathematics, 21.05.2020 20:57 abolton04
The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06" represent in the function?
A. The interest rate of the investment
B. The initial amount of money invested
C. The growth factor of the function
D. The total amount of money earned in the investment
Answers: 3
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The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06"...
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