famousshorty famousshorty
  • 25-03-2019
  • Mathematics
contestada

John invests $5625 into a savings account with a fixed annual interest rate of 7% compounded continuously. How many years will it take for the account to reach $37233.95? Round to the nearest whole number.

Respuesta :

ccampbell84
ccampbell84 ccampbell84
  • 25-03-2019

Answer:

Step-by-step explanation:

use the formula A=P(1+r)^t

37233.95=56259(1+.07)^t

37233.95=60197.13^t

Answer Link

Otras preguntas

Question 3 please help me
Enter your answer in the boxes. y = x + Line on a coordinate plane. The line runs through points begin ordered pair negative 5 comma 0 end ordered pair and begi
Which word best describes the authors viewpoint toward her own father? A: she pities him for the lack of recognition he receives
What was the significance of the Treaty of Guadalupe-Hildalgo?
Find the solutions to the equation below. check all that apply.. 6x^2+5x-4=0
How did nationalism and nation-states drive revolutions of the 1700s 1800s and early 1900s
What was the basis and conclusion of Minard’s 1952 study?
HELP DUE TOMORROW ANSWER ALL FOUR PARTS PLZ
How does telomerase prevent linear chromosomes from shortening during replication?
How many days are in 5 months?