Charlie has worked hard all summer to earn money. She has found an investment that will pay her 3% each year. At the end of the first year Charlie will have $5,000 in the investment. Write an explicit function that represents Charlie’s investment.

**Remember what the common ratio should be**

m(t)=.03^t+5,000m(t)=.03
t
+5,000

m(t)=5,000(1.03)^{t-1}m(t)=5,000(1. 03)
t−1

m(t)=1.03^t+5,000m(t)=1.03
t
+5,000

m(t)=0.97^t\cdot5,000m(t)=0.97
t
⋅5,000