The original value of an investment is $1400, and the value increases by 9% each year. Uşe an exponential growth function to find the value of the investment after 25 years.

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Nico Spencer · Answer 1 · 2022-05-17T09:33:25+0000

Answer:

120723.13

Explanation:

annually compoudning interest works like this

PV(1+i)^n

which means we have

14000(1+.09)^25

put this into a calculator and get

120723.13