Consider an investment of $10,000 with interest of 5% compounded annually. Which statements are correct? A)
This situation is modeled by an exponential function.
B)
In 5 years, the investment has a value of more than $12,762.
C)
This situation can be modeled by the function A = 1.05t + 10,000.
D)
This situation can be modeled by the function A = 10,000(1.05)
E)
It will take more than 20 years to double the value of the investment.