1 Suppose that $59,000 is invested at 4 % interest, compounded quarterly.
a) Find the function for the amount to which the investment grows after t years.
b) Find the amount of money in the account at t=0, 2, 7, and 10 years.
a) The function for the amount to which the investment grows after t years is A(t) = 0
(Simplify your answer. Type an expression using t as the variable.)
b) Find the amount of money in the account at t=0, 2, 7, and 10 years.
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The amount of money in the account at t = 0 years is $
(Round to the nearest dollar as needed.)
The amount of money in the account at t = 2 years is $
(Round to the nearest dollar as needed.)
The amount of money in the account at t = 7 years is $0
(Round to the nearest dollar as needed.)
The amount of money in the account at t = 10 years is $
Enter your answer in each of the answer boxes.