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Mathematics 16 Online
OpenStudy (yato_gami):

I need help with this please! I want someone to go through the steps with me, not tell me the answer. Thanks~! ^_^ Gordon, the financial analyst, is comparing three different options for investing some money. Each option shows the interest on an initial investment. Option 1 By investing an initial $2,000, we can guarantee an annual interest rate of 4%. Option 2 A graph of exponential growth function passing through the point 0, 1000, point 1, 1020, and point 3, 1061.21 is shown. Option 3 h(x) = 1500(1.05)x Which option requires Gordon to invest the most amount of money up front?

OpenStudy (yato_gami):

This is the graph for Option 2

zepdrix (zepdrix):

|dw:1480591065052:dw| Ok this is one very simple question. We only need to compare the initial values for this problem. Can you determine what those are?

zepdrix (zepdrix):

Option 1 was given to us: $2000

OpenStudy (yato_gami):

Ok, so option 2 is it looks like 1049 or maybe 1030?? And for option 3 it's 1500

zepdrix (zepdrix):

For option 2: They actually labeled the point so you don't have to estimate.|dw:1480591331767:dw|

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