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Exponents & Radicalsmedium
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An investment grows according to A(t)=5000⋅(1.05)2tA(t) = 5000 \cdot (1.05)^{2t}A(t)=5000⋅(1.05)2t, where ttt is in years. What will the investment be worth after 3 years? (Round to nearest dollar.)