SOLUTION: Following the birth of their grandson, his grandparents deposit $10,000 in a college trust fund where interest is 4.2% compounded annually. a. Find a function for the amount i

Question 909001: Following the birth of their grandson, his grandparents deposit $10,000 in a college trust fund where interest is 4.2% compounded annually.
a. Find a function for the amount in the account after t years.

b. Find the amount of money in the account after 18 years. (Round to the nearest cent.)

Thank you in advance for the help
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =

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