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Kay [80]
3 years ago
12

(01.07)

Mathematics
1 answer:
AURORKA [14]3 years ago
3 0
*The answer is A. 24.*

All you have to do is back solve. In other words, just plug your answer choices into the equation.
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Carmen received a gift of $5,000 from her grandmother and decided to invest it. the expression 5000(1.0005)^12t represents the a
Natalija [7]

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
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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

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