Answer:
$6802.44
Step-by-step explanation:
We will replace x with 4.
h(4) = 5000 · (1.08)^4
Use a calculator from here if you don't want stress.
1.08 x 1.08 x 1.08 x 1.08 = 1.36048896
1.36048896 x 5000 = 6802.4448
Since we are looking at the cost, we will approximate to the nearest hundredth.
6802.4448 ≈ 6802.44
The cost is $6802.44.
