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Rebecca has a college savings plan. The equation that represents how much money she expects to have saved after x years is f(x) = 5000(1.08)x.
What does the value 5000 represent in the equation? Select all that apply.
Answer Choices:
A. The initial amount of money saved
B. The initial amount of time
C. The amount it increases in value each year
D. The time it takes to be worth $5,000
E. The y-intercept

Respuesta :

opudodennis

Answer:

A. The initial amount of money saved

Step-by-step explanation:

-The equation [tex]f(x)=5000(1.08)^x[/tex] is a compound interest formula ,

where

  • [tex]f(x)[/tex] represents the future value after x years.
  • [tex]x[/tex] represents the number of years or the term of the investment.
  • [tex]5000[/tex] represents the present value or principal amount of the investment.

Hence, 500 represents the initial amount saved.

kaegandunn

Answer:

A. The initial amount of money saved

Step-by-step explanation:

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