$9,000 is invested in an account earning 8% interest (APR), compounded daily. Write a function showing
the value of the account after t years, where the annual growth rate can be found from a constant
in the
function. Round all coefficients in the function to four decimal places. Also, determine
the percentage
of
growth per year (APY), to the nearest hundredth of a percent.
Answer
Function: f(t) =
