Lux Investing
How do I find the exponential growth?
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 growth model A=4500e^0.068t How much did you initially invest in the account? Wow. That shows how fried my brain is from studying. I thought way too much into that problem. Hah. Thanks!
Public Comments
- The general form is A = A(0)e^kt. A(0) is your initial investment. $4500
- You already wrote it in your formula, initial value is $4500. Did you at least open your text book just to see what every letter in this formula mean?
