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#14670

exponential

applications

hard

75 sec

The value, $V$ , of an investment $y$ years after it was made is modeled by the equation $V = 1, 000 (1.06)^{y}$ . Which of the following equations models the value of the investment $m$ months after it was made?

A.

$V = 1, 000 (1.06)^{12 m}$

B.

$V = 1, 000 (1.06/12)^{m}$

C.

$V = 1, 000 (1.0 6^{1/12})^{m}$

D.

$V = 1, 000 (1.005)^{m}$