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You invest in $18,000 in an account with an annual growth factor of 1.06. This can be modeled by the equation A = 18000(1.06)^t estimate the amount in the account after 7 years. Round to the nearest cent
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You invest in $18,000 in an account with an annual growth factor of 1.06. This can be modeled by the equation A = 18000(1.06)^t estimate the amount in the account after 7 years. Round to the nearest cent and do not round until the final calculation.

User Doxygen
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Answer:

A = $18,000(1.06⁷) = $27,065.34

User Wchmb
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