An investor purchased an ounce of gold several years ago and

Last updated: 3/15/2024

An investor purchased an ounce of gold several years ago and realized that the value of gold has consistently increased in value over the last several years The investor used the following model to approximate the value of the gold v t 212 1 1 t Which correctly describes one of the parameters of this function The investor purchased 1 1 ounces of gold The investor s gold ounce increases by 212 each year CREDIT SUISSE ONE OUNCE FINE GOLD 999 9 371823 The gold doubles in value every 1 1 years The initial value of the gold was 212