Evaluate the function to answer the question. The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after 5 years. (Round your answer to the nearest cent.) $

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 18E
Question
Evaluate the function to answer the question.
The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after
5 years. (Round your answer to the nearest cent.)
$
Transcribed Image Text:Evaluate the function to answer the question. The value in dollars of a $6,000 investment after n years is given by f(n) = 6,000(1.05)". Find the value of the investment (in dollars) after 5 years. (Round your answer to the nearest cent.) $
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