Question

A college student's initial stock investment of $1.000 grows exponentially by a factor of 2 every year. Select all equations that represent or approximate the value, v, as a function of time in months, t, since the investment was

Answer 1

The value of the investment can be represented by the equation:

v = 1000 * 2^(t/12)

where t is the number of months since the investment was made and the exponential term represents the factor of 2 increase in value each year.

Hope this helps!