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For the investment described below V is the investment amount in dollars and r is...

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For the investment described below V is the investment amount in dollars and r is the elapsed number of years V 6000 1 048 a Describe in words how the value of the investment changes over time Enter the exact answers The value of the investment starts at S The investment earns interest b Looking at the constants 6000 1 048 and 3r in particular what do these communicate about how the value of the investmer changes over time Round your answer to two decimal places

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Transcribed Image Text

For the investment described below V is the investment amount in dollars and r is the elapsed number of years V 6000 1 048 a Describe in words how the value of the investment changes over time Enter the exact answers The value of the investment starts at S The investment earns interest b Looking at the constants 6000 1 048 and 3r in particular what do these communicate about how the value of the investmer changes over time Round your answer to two decimal places

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