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Noah has invested 2000 in an account that earns an annual interest rate of 3% per year, compounded quarterly. a. Write the exponential function that
Noah has invested 2000 in an account that earns an annual interest rate of 3% per year, compounded quarterly.
a. Write the exponential function that represents the amount of money Noah has at time, t, in years.
b. How much will the investment be worth after four years?
c. Determine the length of time required for Noah's investment to grow at least 2900. The investment only increases every quarter.
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