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Question Description

In turbulent economic times, investors often buy gold. The equation below can be used as a model for the price of gold per ounce, in dollars, from 2000 to 2012.

P(t)

= 13.41

t^2

–38.55

t

+302.26

When did the price of gold reach $450? Write the equation to solve this and solve for the exact answers and approximate answers. Explain the answer in context of the problem.

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