Consider the list of values that represent the balance in an account that has been growing exponentially for five years. Determine the growth factor
that can be used to multiply each value to determine the next value. Round to two decimal places as necessary.
Time
Today
After 1 year
After 2 years
After 3 years
$5492.50
After 4 years
$7140.25
After 5 years $9282.33
Value
$2500.00
$3250.00
$4225.00
The growth factor that can be used to multiply each value to determine the next value is