The amount of money in an investment is modeled by the function A
(
t
)
=
900
(
1.0107
)
t
. The variable
A
represents the investment balance in dollars, and
t
the number of years since 2008.

(A) In 2008, the balance was $
900
Correct.

(B) The amount of money in the investment is
Select an answer

(C) The annual rate of change in the balance is
r
=

1.0107
Incorrect or
r
=

%.

(D) In the year 2014 the investment balance will equal
$
. Round answer to the nearest penny.