3
QuizMultiple Choice

Exponential Functions and Financial Literacy — Quiz

Question 3 • Advanced Financial Algebra

An investor wants to calculate the future value of his investment using the formula (3^3)^2 What does this represent for an investment that triples each year after 6 years?

Answer
A
27 times the original investment
B
9 times the original investment
C
81 times the original investment
D
729 times the original investment
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