An investment of $8000 in a certain Certificate of deposit (cd) doubles in value every 7 years. The function that models the growth of this investment is f (x) = 8000•2^x, where x is the number of doubling periods. If the investor does not withdraw any money from this cd, how much money will be available for withdrawal after 28 years?
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Home » Mathematics » An investment of $8000 in a certain Certificate of deposit (cd) doubles in value every 7 years. The function that models the growth of this investment is f (x) = 8000•2^x, where x is the number of doubling periods.