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Samra's guardians invested money for her into a 529 College Savings Plan, which compounds annually. The growth of the savings plan per year, x ,

Samra's guardians invested money for her into a 529 College Savings Plan, which compounds annually. The growth of the savings plan per year, x, can be represented by the exponential function f(x) = 500(1.03)^x.

What is the meaning of the y-intercept in the context of the problem?

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