E VIEW LISTNatasha opened a savings account exactly 4 years ago. Her initialdeposit was $3000 and the account paid 4% annual interestcompounded every 3 months. Assuming that no other deposits orwithdrawals were made, what is the value of Natasha's accounttoday?Round your answer to 2 decimal places. Do not include adollar sign ($).an 8 d8 im(0)[0]O ola

Answered: Image /qna-images/answer/59bbfb1d-a95b-4583-9ad1-85ba69fee2c8.jpg

Answered: Natasha opened a savings account…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.8: Transforming Exponential Expressions

Problem 18PFA

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Recall that an exponential function is any equationwritten in the form f(x)=abx such that a and b arepositive numbers and b1. Any positive numberb; can be written as b=en for some value of n. Usethis fact to rewrite the formula for an exponentialfunction that uses the number e as a base.
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