Question 1176618
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<pre>

The exponential function for the Future Value is (assuming compound account)


    FV = {{{6000*(1+0.058)^t}}} = {{{6000*1.058^t}}}


where "t" is the integer number of full years.


In 4 years, the value at the account will be 


    {{{6000*1.058^4}}} = 7517.86 dollars.    <U>ANSWER</U>
</pre>

Solved.


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To see many other similar solved problems on compounded interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site.