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College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060XCollege Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060X Exercise 58
Step-by-step solution
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Step 1 of 2
Let 
denote the amount invested in dollars and 
denotes the future value of the
investment respectively.
It is stated that money is invested for 4 years with interest 
compounded annually.
The future value of the investment varies directly as the fourth power of 
that means,
, where 
is the proportionality constant.
Determine the value of 
as shown below:
Step 2 of 2
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
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