Question

Please, Please Help!!!

I had 27 problems I need help with this one only. Can you show me how to do it step-by-step please

An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? Round your answer to the nearest dollar

Answer 1

I can help

Answer 2

great!

Answer 3

What I think the problem is here, would be written like. (fx) = 1.04^x X being the value in years

Answer 4

Wait sorry

Answer 5

It's actually, f(x) = 4000(1.04)^3 4000 being the y intercept and the rate of change being 4 percent anually

Answer 6

ok

Answer 7

All you have to do to solve is plug in 3 for x, so it would be, f(3) = 4000(1.04)^3. Can you solve?

Answer 8

ya

Answer 9

Alright, once you solve you'll have the answer you are looking for.

Answer 10

Also you want to leave f(3) just as it is, solve the right side of the equation.

Answer 11

is this it? 4499.456

Answer 12

Yes, if it's a multiple choice question choose the answer closest to it.

Answer 13

Ok thank you sooooo much!!!!!

Answer 14

Np! Medal pls? It would be appreciated.

Answer 15

Oh you already did, thanks!