The table shows the value of an account x years after the account was opened. Based on the exponential regression model, which is the best estimate of the value of the account 12 years after it was opened?

$8,910

$8,980

$13,660

$16,040

Table: Account Value Over Time

Years after opening account Account Value

0 5,000

2 5,510

5 6,390

8 7,390

10 8,150

(5510 - 5000) / 5000 = 0.102

0.102 / 2yrs = 0.051

1 + 0.05 = 1.05

5,000 * (1.05) ^t

t = 12 years

5,000 * 1.05^12 = 5,000 * 1.7959 = 8,979.50 or 8,980

The best estimate of the value of the account 12 years after it was opened is 8,980.