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In 2 0 2 1 , Ally Bank was offering 7 . 2 % interest on a CD ( certificate of deposit ) , with

In 2021, Ally Bank was offering 7.2% interest on a CD (certificate of deposit), with the interest compounded quarterly.
a. Find the associated exponential model for the value of a $8,000 investment after t years.
b. Rounding your answer to the nearest dollar, how much would a deposit of $8,000 in 2021 be worth in 2030?
c. Use logarithms to determine how long (rounding your answer to the nearest year) it would take for the $8,000 investment to be worth $20,000.
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