Acob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation can be used to determine the number of years it takes for Jacob's balance to reach a certain amount of money . Jacob graphs the relationship between time and money. What is the -intercept of Jacob's graph?
If Jacob doesn't deposit any additional money into the account, how much money will he have in eight years? Round your answer to the nearest cent.