5(x-5)^4(x+4)
you raise x-5 to the 4th power because 5 has a multiplicity of 4
Exponential growth is
F=P(1+r)^t
F=future amount
P=present amount
r=rate
t=time in years
rate=2%=0.02
therefor the equation is
f(x)=23,000(1+0.02)^x
f(x)=23,000(1.02)^x
where x=time in years from 2012