The following table gives the value of an investment after

Last updated: 3/28/2023

The following table gives the value of an investment after intervals ranging from 0 to 7 years of 50 000 invested at 10 compounded annually Year y 50 000 00 55 000 00 60 500 00 66 550 00 73 205 00 5 80 525 50 6 88 578 05 97 435 86 7 a Develop an exponential model for these data accurate to four decimal places with x in years and y in dollars Amount Investment Grows to 0 1 2 3 b Use the model to find the amount to which 59 0 will grow in 20 years if it is inunched 1000