emfastback9703 emfastback9703

21-06-2022
Mathematics

contestada

How much money invested at 7% compounded continuously for 6 years will yield $500?

remember: a = pe^rt

Respuesta :

adityakoka2007 adityakoka2007

21-06-2022

Answer:

$328.52

Step-by-step explanation:

let p = x, t = 6 years and r = 0.07. now the formula is x*e^0.42 = 500. e^0.42 is approx. 1.522. divide 500 by that to get about $328.52

Answer Link

Otras preguntas

7 5: what is the answer to7/2t×5t/9

d(1)=12 d(n)=d(n−1)⋅(−6) what is the fourth term?

What are the solutions of 2x2- 6x+5=0?

A company’s weighted average cost of capital is 10.8% per year and the market intrinsic value of its debt is $33.1 million. The company’s free cash flow next ye

What does Theodore Roosevelt claim in the excerpt? A. All people have the right to enjoy life and shouldn’t be forced to make sacrifices. B. All people should e

Please help and I will mark brainliest :D

BJ Company’s net working capital and all of its expenses vary directly with sales. The firm is currently operating at 86 percent of capacity. The firm wants no

Identify the glide reflection rule in the given figure

6 For every 3 girls in Mr Hegarty's class there are 5 boys. What is the ratio of girls to boys in the class? Give your answer in its simplest form.

Discuss how HIPAA policies may be received based on cultural differences.