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3. Since birth, Hachiro has had a savings account that has been growing at a rate of 4% per year. The amount of money

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3. Since birth, Hachiro has had a savings account that has been growing at a rate of 4% per year. The amount of money in the account can be modeled by the equation y = P(1.04)* where y is the value of the account, and x is the number of years, and P was the original deposit amount. How much money is in the account if Hachiro is 32 years old and the original deposit was $8000? $28037.79 $28582.52 $28064.47 $27188.45 None of these is correct.

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