Answer:
$4020.52
Step-by-step explanation:
The future value is the principal multiplied by the amount $1.00 is worth in the future.
$4,000 × 1.00513 = $4020.52
Answer:
r = 5
Step-by-step explanation:
The exponential function
f(x) = a^x
can pass through all points as long as x is any real number
As an example, we can choose values of x.
x = -4, x = 0, x=100
The value of the function in terms of a would be
f(-4) = a^-4
f(0) = a^0 = 1
f(100) = a^100