SOLUTION: Your parents open an account with an initial investment of $6000. The account pays interest at a rate of 4% compounded yearly. Write a function that models the account balance ove

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Question 893296: Your parents open an account with an initial investment of $6000. The account pays interest at a rate of 4% compounded yearly.
Write a function that models the account balance over time.

Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
F=6000%281%2B0.04%29%5Et
F=6000%281.04%29%5Et where F is the value of the account at t years.