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Mathematics, 04.11.2020 19:40 rosarioemily580

The amount of money in a saving account after t years is represented by the function f(t)=650(1.027)t. What does the value 650 represent in this situation?

The amount of money in the savings account increases by $650 each year.

The amount of money in the savings account is 650 times the amount of the previous year.

The amount of money in the savings account decreases by $650 each year.

The initial amount in the account is $650.

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