Lily is going to invest in an account paying an interest rate of 5.6% compounded continuously. How much would Lily need to invest, to the nearest cent, for the value
of the account to reach $78,000 in 9 years?

a. is correct

f(x) is   are being squared

g(x) is   increasing by 2

h(x) is adding .25 each time

k(x) is taking the square root

f(x) and k(x) are exponential functions

the exponential expression to find the value of the cd, in dollars, after t years will be:  

step-by-step explanation:

formula of compound interest:   , where final value after years,   initial value, rate of interest in decimal and number of compounding in a year.

oliver plans to purchase a $1,500 certificate of deposit (cd) at his bank. that means,  

the cd will earn 2.3% interest, compounded semi-annually.

so,   and  

now, plugging these values into the above formula, we will

(rounded to the nearest ten-thousandth)

so, the exponential expression to find the value of the cd, in dollars, after t years will be: