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The amount of money in an investment is modeled by the function A(t)=650(0.943)t. The variable A...

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Basic Math

The amount of money in an investment is modeled by the functionA(t)=650(0.943)t. The variable A represents the investment balancein dollars, and t the number of years since 2006.

(A) In 2006, the balance was $.

(B) The amount of money in the investment is

(C) The annual rate of change in the balance is
r= or r=%.

(D) In the year 2016 the investment balance will equal
$. Round answer to the nearest penny.

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According to the question the amount of money in an investmentis modeled by the function ofWhere the variable represents theinvestment balance in dollars and t the number of years since2006A    See Answer
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