Solve the equation and round to the nearest ten-thousandth.

Given the following exponential function, identify the percent growth/decay.

For tax purposes, a car rental company assumes each car in their fleet depreciates by 5% per year. If the initial value of a car is $27,300.00, what will the value be when the car is 10 years old?

Solve the equation and round to the nearest ten-thousandth.

Your investment of $1,200 gets 5.1% and is compounded semi annually for 7 1/2 years. What will your investment be worth at the end of the term?

Given the following exponential function, identify the percent growth/decay.

An employee receives a 2% raise once per year. If the employee's initial salary is $63,200.00, in how many years will the employee's salary reach $75,529.85?

A savings account balance is compounded annually. If the interest rate is 3% per year and the current balance is $1,459.00, in how many years will the balance reach $1,742.12?

A thousand dollars is left in a credit union drawing 7% interest compounded monthly. What is the balance at the end of 10 years?

Given the following exponential function, identify the percent growth/decay.

Ryan invests a sum of money in a savings account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, the balance reaches $12,855.94. What was the amount of the initial investment?

Solve the equation and round to the nearest ten-thousandth.