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$9, 100 is invested in an account earning 8.1% interest (APR), compounded monthly. Write a...

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Algebra

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$9, 100 is invested in an account earning 8.1% interest (APR), compounded monthly. 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.

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