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Using the model, what will be the value of the investment after 25 years? Round your answer to the nearest dollar.
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Using the model, what will be the value of the investment after 25 years? Round your answer to the nearest dollar.

Using the model, what will be the value of the investment after 25 years? Round your-example-1
User Youri
by
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1 Answer

3 votes
Given
y=2650(1.05)^xSolution
\begin{gathered} now\text{ } \\ When\text{ }x=25 \end{gathered}

Substitute the given


\begin{gathered} y=2650(1.05)^(25) \\ y=8973.84059 \end{gathered}

The final answer
\text{ \$8,974}Option D
User Rkrishnan
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3.9k points
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