The equation that represents the value of the collection after 5 years is:
Value of collection after 5 years = 190 x (1 + 0.06)^5
Step-by-step explanation:
To calculate the value of the collection after 5 years, we need to use the compound interest formula. This formula is represented as A = P x (1 + r)^n, where P is the principal amount (initial value of the collection), r is the rate of interest (in this case, 6%), and n is the number of years (in this case, 5).
Therefore, the equation for the value of the collection after 5 years is:
Value of collection after 5 years = 190 x (1 + 0.06)^5
This can also be written as:
Value of collection after 5 years = 190 x 1.31 (1.31 is the result of (1 + 0.06)^5)
Therefore, the value of the collection after 5 years is $246.90.