Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation, y = 60(1 + 0.04)x, can be used to determine the number of years, x, it takes for Jacob's balance to reach a certain amount of money, y. Jacob graphs the relationship between time and money.
What is the y-intercept of Jacob's graph?
What is the equation of the asymptote?
If Jacob doesn't deposit any additional money into the account, how much money will he have in eight years? Round your answer to the nearest cent.
What is the answer

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

wrong place this is art history. not algebra

Looking for something else?

Not the answer you are looking for? Search for more explanations.