The answer will be n=-9
The question is
1 answer:
You might be interested in
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
