2. The value of a pension fund (in millions of dollars) from 2014 to 2024 is...

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2. The value of a pension fund (in millions of dollars) from 2014 to 2024 is given by the function V(t) = 24(1.02)* where 0 t 10 and t is the number of years since 2014 (that is, V(0) is the value at the start of 2014). (a) (1 point) Determine the value of the fund at the start of 2019 and at the start of 2024. (b) (2 points) Find the rate at which the value of the investment fund was changing at the start of 2019 and at the start of 2024. (c) (2 points) The value of a second fund (also in millions of dollars) from 2014 to 2024 is given by the function W(t) 1.5(t+2)1.1 = where 010 and t is the number of years since 2014. Which fund is growing faster in 2024? Show your work. 2. The value of a pension fund (in millions of dollars) from 2014 to 2024 is given by the function V(t) = 24(1.02)* where 0 t 10 and t is the number of years since 2014 (that is, V(0) is the value at the start of 2014). (a) (1 point) Determine the value of the fund at the start of 2019 and at the start of 2024. (b) (2 points) Find the rate at which the value of the investment fund was changing at the start of 2019 and at the start of 2024. (c) (2 points) The value of a second fund (also in millions of dollars) from 2014 to 2024 is given by the function W(t) 1.5(t+2)1.1 = where 010 and t is the number of years since 2014. Which fund is growing faster in 2024? Show your work.

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a To determine the value of the fund at the start of 2019 5 years since 2014 we substitute t ... View the full answer