$710 is invested in an account earning 3.7% interest (APR), compounded monthly. Write a function showing the value of the account after tt years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent.
Answer
Attempt 2 out of 2
Function: f, of, t, equalsf(t)=
left bracket(
right bracket)
Growth
% increase per year
