$3,100 is invested in an account earning 7.8% interest (APR), compounded quarterly. Write a function showing the value of the account after t 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.
Function: f(t)
Growth
96 increase per year
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