1. In August 2013, a bank was offering 0.62% interest on its savings account, with interest reinvested daily. Assuming this rate of return continued for six years, how much would a deposit of $4,000 in August 2013 be worth in August 2019? (Round your answer to the nearest cent.)

2. Make An exponential model to represent the value after tyears of a $7,000investment earning4.9% interest compounded continuously.

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Then calculate how much interest would be earned after 5 years.

I=