Business, 04.02.2020 08:45, Joshuafranklindude

Samantha puts an initial $500 into a savings account. the account has a 4% annual compound interest rate. what is the function that best represents samantha's account and how much does she have in savings after 5 years? round your answer to the nearest dollar.
hint: use the formula, f(x) = p(1 + r)x.

f(x) = 500(1.4)x, $2,689
f(x) = 500(0.04)x, $512
f(x) = 500(1.04)x, $608
f(x) = 500(1.04)x, $5

Answers: 1

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Samantha puts an initial $500 into a savings account. the account has a 4% annual compound interest...