caseyburke1 caseyburke1

15-06-2017
Mathematics

contestada

You invest $1400 in an account that pays an interest rate of 5.5% compounded continuously. Calculate the balance of your account after six years round your answer to the nearest hundredth

Respuesta :

Aliwohaish12 Aliwohaish12

15-06-2017

Hi there
The formula is
A=pe^rt
A future value?
P present value 1400
R interest rate 0.055
T time 6 years
E constant
So
A=1,400×e^(0.055×6)
A=1,947.36

Hope it helps

Answer Link

Otras preguntas

A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easily choose to purchase one of the

Bible Question~ We should store up treasures in heaven because where your treasure is, there your ___ will be also. a heart b mind c soul

Which of the following is an important concept of human geography? A. Diffusion B. Assimilation C. Acculturation D. All of the above

A constant friction force of 25 N acts on a 65-kg skier for 15 s on level snow. What is the skier’s change in velocity

what is a con about diplomacy

The ancient civilization of Phoenicia was located on the site of which present-day countries? A. Egypt, Libya, and Sudan B. Greece, Albania, and Macedonia

Living organisms respond to changes in environmental conditions such as temperature. Which series lists the correct order in which the body would respond to suc

What was the purpose of the Black Codes? A. to limit the freedoms of former slaves B. to prevent a return to Antebellum social norms C. to encourage African-

Two blocks are attached to opposite ends of a massless rope that goes over a massless, frictionless, stationary pulley. One of the blocks, with a mass of 5.0 kg

Which is the simplified form of m^-8p^0