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12-11-2020
Mathematics

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Vanessa invested$2,500 into an account that will increase in value by 3.5% each year. Write an exponential function to model this situation, then find the value of the investment after 20 years.

Respuesta :

12-11-2020

y = 2,500 x 1.035^x
2,500 x 1.035^20 = 4,974.5 (result is rounded)

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