Question

The function f(t)=12,000(1.075)t models the value of an investment t years from now. What is the meaning of the value of f(5)?

Answer 1

The value of the investment in 5 years.

Explanation:

The description of the function states that it tells us the value of an investment at some point in the future (t), measured in years. In other words, f(t). When the time is 5 years, it would be written as f(5), and the t term in the function will be set to 5 for the calculation, which will yield the value of the investment at that time.