Mathematics, 25.08.2020 02:01, kinz5550

The expression 1350(1.05)^t1350(1.05) t 1350, left parenthesis, 1, point, 05, right parenthesis, start superscript, t, end superscript models the average wages, in dollars, in the US as a function of the number of years since 193019301930. What does 1.051.051, point, 05 represent in this expression?

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The expression 1350(1.05)^t1350(1.05) t 1350, left parenthesis, 1, point, 05, right parenthesis, sta...