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Please show all work when solving this please big points reward The value of a p

ID: 2962405 • Letter: P

Question

Please show all work when solving this please big points reward

The value of a particular investment follows a pattern of exponent II growth. In the year 2005, you invested money in a money markci account. The value of your investment / years after 2005 is given by the exponential growth model A = 5000e0.0053t. How much did you 1 initially invest in the account? Using the exponential growth model in problem 1, A = 5000e0.005t, how much will the account be worth in 2020? (Round to the nearest cent.)

Explanation / Answer

intailly t=0 i.e A= 5000

at end of 2020 years....i.e t= 15

A= 5000 e^0.055*15 = 11409.4

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