If you wish to have $5000 in an account that pays 3% interest compounded monthly, and you want that money in 4 years, how much would you deposit each month? Please show proper work and give a good explanation for your work.

a function could be identified in 3 ways either on a chart,graph, or ordered pairs. first a function is that each point has its own. the rule is that there can be many x's to one y but there can not be 2 x's at different y's. so on a graph when you put a straight line through the y's there should be one dot only to be a function.

step-by-step explanation:

30005

yes ok                                            

answer: solve 5\cdot 2^x=2405⋅2  

x

=2405, dot, 2, start superscript, x, end superscript, equals, 240.

solution

to solve for xxx, we must first isolate the exponential part. to do this, divide both sides by 555 as shown below. we do not multiply the 555 and the 222 as this goes against the order of operations!

\begin{aligned} 5\cdot 2^x& =240 2^x& =48 \\ \end{aligned}  

5⋅2  

x

2  

x

​    

=240

=48

​

step-by-step explanation: