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The amount of money, A(t), in a savings account that pays 3% interest, compounded quarterly for t years, with an initial investment of P dollars,

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The amount of money, A(t), in a savings account that pays 3% interest, compounded quarterly for t years, with an initial investment of P dollars, is given byAt =P[1+ 0.03/4)^4tIf $5000 is invested at 3%, compounded quarterly, how much will the investment be worth after 6 years?How much money will there be in the account at the end of 6 years?

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