An investor opens an account with $5,000. The value of the account increases at a rate of 4.2% per year. The investor makes no additional deposits or withdrawals.
Which function can be used to find the total amount in the account in dollars after x years?
A.) f(x) = 5,000(0.958)^x
B.) f(x) - 5,210(1.042)^x
C.) f(x) = 5,210(0.958)^x
D.) f(x) = 5,000(1.042)^x
The correct function that can be used to find the total amount in the account in dollars after x years is:
D.) f(x) = 5,000(1.042)^x