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Algebra
Pregunta

5. You invest \(\$ 1,000\) in a certificate of dep...

5. You invest \(\$ 1,000\) in a certificate of deposit \(( C D )\) that earns \(5 \% \) interest every year. If the function that represents the growth of your money is \(f ( x ) = 1.05 x\) , in what year will your CD be worth at least \(\$ 1,300\) ? Year \(7\) Year \(6\) Year \(5\) Year \(4\) 

Answer

1000×1.05\(^{x}\)=1300

x=5.4

so select year 6

Solución
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