Mathematics, 11.06.2020 21:57 mkcryer50

The amount of money, A(t), in a savings account that pays 77% interest, compounded quarterlyquarterly for t years, with an initial investment of P dollars, is given by Upper A (t )equals Upper P (1 plus StartFraction 0.07 Over 4 EndFraction )Superscript 4 tA(t)=P1+ 0.07 44t. If $18 comma 00018,000 is invested at 77%, compounded quarterlyquarterly, how much will the investment be worth after 55 years?

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