Question

Evaluate the function to answer the question.The value in dollars of a $4,000 investment after n years is given by f(n) = 4,000(1.05)n.Find the value of the investment (in dollars) after 5 years. (Round your answer to the nearest cent.) $________

Answer 1

`f(n)=4000(1.05)^n`

Evaluate the given function for n = 5

`\begin{gathered} n=5 \\ f(5)=4000(1.05)^5 \\ f(5)=5105.13 \end{gathered}`

Answer:

$5105.13