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The table below shows the value, V, of an investment (in dollars) after n years. n 0 3 7 V 3600 4321.95 5780.81 12
The table below shows the value, V, of an investment (in dollars) after n years. n 0 3 7 V 3600 4321.95 5780.81 12 14 19 12368.52 8351.13 9282.72 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables. V Based on the your regression model, what is the percent increase per year? % Find V when n = V 8. Round your answer to two decimal places. Interpret your answer by completing the following sentence. Be sure to use units in your answer.
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