Question 5
1 answer:
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Check the picture below.
make sure your calculator is in Degree mode, since the angles are in degrees.
make sure your calculator is in Degree mode, since the angles are in degrees.
The equivalent expression for the expression that represents the amount Carmen would earn is 5000(1.0005^12)^t.
<h3>What is the equivalent expression?</h3>Based on the expression given, Carmen's investment is compounded monthly.
The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
5000(1.0005)^12t
= 5000(1.0005^12)^t
50002.5^12t
Please find attached the complete question.To learn more about future value, please check: brainly.com/question/18760477
