Answer
See the explanation
Work Step by Step
$I=5000[(1.0025)^{12n}-1]$,
$\begin{array}
YYear & Total-Interest\\
1&152.08\\
2&308.79\\
3&470.26\\
4&636.64\\
5&808.08
\end{array}$
College Algebra 7th Edition
by Stewart, James; Redlin, Lothar; Watson, Saleem
Published by
Brooks Cole
ISBN 10:
1305115546
ISBN 13:
978-1-30511-554-5
Chapter P, Prerequisites - Section P.3 - Integer Exponents and Scientific Notation - P.3 Exercises - Page 25: 55
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