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Javier wants to invest $3,000 in a mutual fund. He finds an international

fund that earns 6% per year. The following function equation represents

the account balance for Javier's mutual fund over time:

f(t)=3,000 (1. 06'

A) Complete the table of values. Make sure all cells are filled in correctly. Use the

given independent variable values. Round all dependent values to the nearest

tenth

Respuesta :

The table of values are

Number of years    Account balance

1                                  $3180

2                                  $3370.80

5                           $4014.68

20                          $9621.41

What is the account balance?

The formula for calculating future value of the account balance is:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

Balance after 1 year = 3000(1.06) = $3180

Balance after 2 year = 3000(1.06^2) = $3370.80

Balance after 5 year = 3000(1.06^5) = $4014.68

Balance after 20 year = 3000(1.06^20) = $9621.41

To learn more about future value, please check: https://brainly.com/question/18760477

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