Exponential growth, which acts just like a geometric sequence equation, is of the form:
f=ir^t, f=final amount, i=initial amount, r=common ratio (or "rate"), t=times rate is applied, in this case:
f=200(1.06^t) so
f(5)=200(1.06^5)
f(5)≈$267.65 (to nearest cent)
