(Solution Library) Investment An investment worth $1 million in 2000 has been growing at a rate of f(t)= 0.140(1.15^t) million dollars per year, t years


Question: Investment An investment worth $1 million in 2000 has been growing at a rate of \(f(t)=\) \(0.140\left(1.15^{t}\right)\) million dollars per year, \(t\) years after $2000 .$

  1. Determine how much the investment has grown since 2000 and how much it is projected to grow over the next year.
  2. Recover the amount function, and determine current value of the investment and its projected value next year.

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