Mathematics, 29.10.2020 03:50 KittyLoverCat

An account grows at an annual interest rate of r, so it grows by a factor of x = 1 + r each year. The function A ( x ) = 800 x 4 + 350 x 3 + 500 x 2 + 600 x gives the amount in the account after 4 years when the growth factor is x. What is the total amount in the account if the interest rate is 3%. Round your answer to the nearest dollar.

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An account grows at an annual interest rate of r, so it grows by a factor of x = 1 + r each year. Th...