Question 405524
You deposit $1000 into an account that pays 4.8% interest compounded quarterly.
A. Write an exponential function to model the amount of money in your savings.
FV = 1000*(1 + 0.012)^(4n)  n = number of years.
FV = 1000*1.012^(4n)

B. How much will you have in your account after 1 year?
1000*1.102^4 =~ $1048.87
 2years? 
1000*1.102^8 =~ $1100.13