You deposit $4000 into an account paying 6% annual interest compounded annually. a) The function that models the amount of money in the account after t years is   b) The amount of money in the account after 5 years will be.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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You deposit $4000 into an account paying 6% annual interest compounded annually.

a) The function that models the amount of money in the account after t years is  

b) The amount of money in the account after 5 years will be.

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