A CD account contains $5,400 today. The account earns an annual interest of 7% for each of the next four years. The bank uses the equation A=5,400(r)^y to determine the amount of money in the account,A, after y years if no other deposits or withdrawals are made.
What numerical value should the banks use for r?
To the nearest dollar,how much money will bein the CD account at the end of the four years? (Note: Disregard the $ sign when gridding your answer)