Question: What are the steps in solving this? In August 2013, Ally Bank was offering 0.61% interest on its Online Savings Account, with interest reinvested daily.

What are the steps in solving this?

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 $4,000 deposit after t years. HINT [See Example 3.] A(t) = Assuming this rate of return continued for 9 years, how much would a deposit of $4,000 in August 2013 be worth in August 2022? (Round your answer to the nearest dollar.) $ Need Help? Read It Talk to a Tutor

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