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Choose the One Alternative That Best Completes the Statement or Answers

Question 23

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential
) How much did you initially invest in the account?  growth model A=5,300e0.045t\text { growth model } \mathrm { A } = 5,300 \mathrm { e } ^ { 0.045 \mathrm { t } }


A) $2,650.00
B) $5,543.95
C) $238.50
D) $5,300.00

Correct Answer:

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