TIME REMAINING 56:05
If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? Write an exponential function and solve.
a.
y = 5000 (1.04) Superscript 5;$6083.26
b.
y = 5000 (5) Superscript 1.04;$26,662.37
c.
y = 1.04 (5000) Superscript 5;$6830.26
d.
y = 5 (5000) Superscript 1.04;$35,147.85

Please select the best answer from the choices provided

A
B
C
D