5. Someone invests $3080 in an account at 6.3% interest compounded annually. Let f(t) be the value (in dollars) of the account at t years after she invested the $3080. a) Find the equation of f. b) What will the account's value be after 12 years? (Round to the nearest cent.)

MATLAB: An Introduction with Applications
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5. Someone invests $3080 in an account at 6.3% interest compounded annually. Let f(t) be the value (in dollars)
of the account at t years after she invested the $3080.
a) Find the equation of f.
b) What will the account's value be after 12 years? (Round to the nearest cent.)
Transcribed Image Text:5. Someone invests $3080 in an account at 6.3% interest compounded annually. Let f(t) be the value (in dollars) of the account at t years after she invested the $3080. a) Find the equation of f. b) What will the account's value be after 12 years? (Round to the nearest cent.)
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