Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. the following table gives the value of an investme

The following table gives the value of an investment after intervals ranging from 0 to...

80.2K

Verified Solution

Question

Statistics

image

The following table gives the value of an investment after intervals ranging from 0 to 7 years of 50 000 invested at 10 compounded annually Year y 50 000 00 55 000 00 60 500 00 66 550 00 73 205 00 5 80 525 50 6 88 578 05 97 435 86 7 a Develop an exponential model for these data accurate to four decimal places with x in years and y in dollars Amount Investment Grows to 0 1 2 3 b Use the model to find the amount to which 59 0 will grow in 20 years if it is inunched 1000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What is Counterfeit medications and their negative impacts on health care? paragraph What are Counterfeit drugs: a...

Physics
1.2K views

An alpha particle with kinetic energy 10.5 MeV makes a collision with lead nucleus, but it...

Mechanical Engineering
1.2K views

Calculate the 0-100 km/h (0-62 mph) acceleration time for a vehicle of effective mass (m) 1000 kg...

General Management
1.2K views

There are five psychological theories of motivation which can improve employee’s quality of work, increase productivity,...

Physics
1.2K views

A uniform thin bar of mass 6m and length 27 is bent to make a...

Physics
1.2K views

5 3R 2 2 2R 1 Variation of pressure P with volume monoatomic gas is...

Algebra
1.2K views

1 7 1 17 5 Let A 1 118 8 18 0 9 8 18...

Accounting
1.2K views

The Production Department of Hruska Corporation has submitted the following forecast of units to be...

Accounting
1.2K views

Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets...

Finance
1.2K views

Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation....

Finance
1.2K views

1. a) Define risk and return in the context of business finance. How do they...

Accounting
1.2K views

Exerclse 13-2A (Algo) Vertical analysis LO 13-1 Fanning Company reported the following operating results...