Answer:
[tex] r = 32,546.69 * 1.03^t [/tex]
Step-by-step explanation:
33,523.09/32,546.69 = 1.03
34,528.78/33,523.09 = 1.03
35,564.65/34,528.78 = 1.03
The common ratio between values is 1.03.
The initial value is 32,546.69
The is exponential growth with initial value 32,546.69 and a growth factor of 1.03.
Equation:
[tex] y = a(1 + i)^t [/tex]
[tex] r = 32,546.69 * 1.03^t [/tex]
