The Value of an Investment of $1000 Earning 8% Compounded

question 184

Short Answer

The value of an investment of $1000 earning 8% compounded yearly is given by A = 1000(1.0
,where t is the number of years it has been invested.If the amount of your investment is now $4000,how long has it been invested?

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Definitions:

Slope

Mathematically, the rate of change or gradient of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.

Regression Analysis

A statistical method for examining the relationship between a dependent variable and one or more independent variables.

Statistical Models

Representations of complex systems through mathematical formulas and algorithms based on statistical principles.

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in another variable (the independent variable).