Answer: 2
Step-by-step explanation:
The original price of the ring is <span>£</span>1400
Answer:
(1.06)0 = 1 and positive powers of 1.06 are larger than 1, thus the minimum value N(t) attains, if t≥0, is 400.
From the point of view of the context, a CD account grows in value over time so with a deposit of $400 the value will never drop to $399.
