Let be the value of an investment, in dollars, over time, t in years. What does the number represent?
The number represents
?
the growth factor
the initial value
the percent change
the time for investment to mature
What does the number represent?
The number represents
?
the growth factor
the initial value
the percent change
the time for investment to mature
What percent increase does the growth factor represent?
The growth factor represents an increase of
What information does the fractional exponent give us (what is the significance of dividing by 5) in the context fo the problem?
It means
?
An 8.2 percent increase occurs every five years
An 8.2 percent increase occurs five times each year
An 8.2 percent increase is divided into five equal parts
An 8.2 percent increase is multiplied by 5
To find the annual (every year) growth factor we can use a calculator to evaluate the expression for
What is the annual (ever year) growth factor?
The annual growth factor is
(round to decimal places).
Using the annual growth factor, we can extract the information about the annual percent increase/decrease.
Annual percent increase is
(round to decimal places)