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

asked Jan 19, 2023 103k views

5 votes

by Youri

5.0k points

Please log in or register to add a comment.

3 votes

Given

Solution
$\begin{gathered} now\text{ } \\ When\text{ }x=25 \end{gathered}$

Substitute the given

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

The final answer
$\text{ \$8,974}$ Option D

Rkrishnan answered Jan 24, 2023

5.5k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.5m answers