A bank features a savings account that has an annual percentage rate ofr=2.9% with interest compoundedweekly. Jamal deposits $4,000 into the account.

The account balance can be modeled by the exponential formulaS(t)=P(1+r/n)^nt, whereSis the future value,Pis the present value,ris the annual percentage rate,nis the number of times each year that the interest is compounded, andtis the time in years.

(A) What values should be used forP,r, andn?

P=.................................. r=...........................n=.....................

(B) How much money will Jamal have in the account in10years?