If you take out a loan for $561.60 over eight years at an interest rate of 9.3%, what is the total amount you will have to repay
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The domain of the function is all the values from which the functio can be mapped: here it's between 0 and <span>76,867 -depending on how many people come
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The range is all the values that the function can have.So here it's from 0, when noone is coming, to 76867*161=12377036
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The range is all the values that the function can have.So here it's from 0, when noone is coming, to 76867*161=12377036
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
