The cost of a car is supposed to be no more than 80% of the value for the next year's model. If a car costs $14,000, what is the cost of the next year's model?

At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?