Nicole opened a savings account with an initial deposit of $5,000. since then, she has never made any other deposits or withdrawals. her savings account earns 4% interest compounded monthly.

which equation gives the approximate amount, a(x), she has in her savings account as a function of x, the number of years since her initial deposit?

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

x is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

i dont have an answer

step-by-step explanation:

3+x

step-by-step explanation: