Investment historically have doubled every 9 years if you start with $2000 investment how much money would you have after 45 years

$64000

Step-by-step explanation:

The exponential equation for growth in function with growth factor 'b'in time 't' is given by :-

, where A is the initial value.

Given : The initial value :

Growth rate =

Time periods in 45 years :

Then , the exponential equation for growth for t=5 is given by :-

Hence, the money you would have after 45 years = $64000

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