in August 2013, Ally Bank was offering 0.61% interest on its Online Savings Account, with interest...
In August 2013, Ally Bank was offering 0.61% interest on its Online Savings Account, with interest reinvested daily. Find the associated exponential model for the value of a $2,000 deposit after t years.
A(t) =
Assuming this rate of return continued for 5 years, how much would a deposit of $2,000 in August 2013 be worth in August 2018? (Round your answer to the nearest dollar.)
$
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