Type the correct answer in each box. Use numerals instead of words. For these questions, non-integer answers should be entered as a decimal rounded to the hundredths place.
Samantha won a trip to Europe in a contest she had entered. Rather than take the trip, she opted to take the cash value of the prize and put it in
a savings account she uses as a college fund. She plans to keep this money in the college fund and let it earn interest for 8 years. At the end of
8 years, she'll use the total balance to help pay for tuition at law school.
The equation below represents the total dollars, Ax), in her college fund after x years.
f(1) = 5,450(1.024)