Understanding Investment Function

The video tutorial explains the function v(m), which represents the value of an investment in thousands of dollars after m months. It interprets the meaning of v(24) = 18, indicating that after 24 months, the investment is valued at $18,000. The tutorial emphasizes the importance of including units when interpreting function values.

What does the function v(m) represent?

• The interest rate of an investment per month

• The number of months after which an investment doubles

• The value of an investment in thousands of dollars after m months

• The value of an investment in dollars after m months

How should the value of an investment be expressed according to the function v(m)?

• In dollars

• In hundreds of dollars

• In thousands of dollars

• In millions of dollars

In the function v(m), what does the input m signify?

• The number of months

• The value of the investment

• The interest rate

• The initial investment amount

What is the function output in the example v(24) = 18?

• 18

• The initial investment

• 24

• The number of months

What is the significance of the number 24 in v(24) = 18?

• It represents the value of the investment

• It represents the initial investment amount

• It represents the interest rate

• It represents the number of months

What does v(24) = 18 indicate about the investment?

• The investment is worth $1,800,000 after 24 months

• The investment is worth $18 after 24 months

• The investment is worth $1,800 after 24 months

• The investment is worth $18,000 after 24 months

Why is it important to include units when interpreting a function value?

• To provide clarity and avoid misunderstandings

• To make the explanation more complex

• To ensure the calculation is correct

• To increase the value of the investment