Math  /  Word Problems

QuestionIdentify the initial value in Joanna's savings equation: 5,000(1+0.0412)12t5,000\left(1+\frac{0.04}{12}\right)^{12 t}.

Studdy Solution
In the given expression, the principal amount is the coefficient of the exponential term, which is 5,0005,000.
So, the initial value of Joanna's account is 5,0005,000.

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