Samantha wants to start a college fund for her daughter Taylor. She puts $37000 into an account that grows at a rate of 2.14%

Question

Samantha wants to start a college fund for her daughter Taylor. She puts $37000 into an account that grows at a rate of 2.14% per year, compounded monthly.
Write a function, C(t), that represents the amount of money in the account t years after the account is opened, given that no more money is deposited into or withdrawn from the account
C(t) =

Kunduz · Accepted Answer

Click to see the answer