Rob put some money in an investment account. He uses the function V(t)=480(1.065) ^t to model the total value of the account, in dollars, after t years.
What does the number 480 represent?
a) the amount of money Rob put into the account initially
b) the amount of money Rob expects to earn each year
c) the amount of money Rob expects to earn each month
d) the number of months Rob expects to leave the account open
1 answer
a) the amount of money Rob put into the account initially