isabellabotello8 isabellabotello8
  • 19-02-2021
  • Mathematics
contestada

You invest $125,000 in an account that earns 4.75% annual
interest, compounded continuously.
a. What is the value of the account after 15 years?

Respuesta :

greenforestaz
greenforestaz greenforestaz
  • 20-02-2021

Step-by-step explanation:

step 1. let's call the amount of money A, the initial amount A¡, the rate r, and the time t.

step 2. A = A¡e^(rt) (continuously compounding equation)

step 3. A = 125000e^((.0475)(15))

step 4. A = $254,885.32

Answer Link

Otras preguntas

38 is what percent of 76?
how did industrialization in Europe lead to the colonization of Africa?
the length of a screwdriver is 19 centimeters. the handle is 5 centimeters long . what is the length of the top of the screw driver
A mechanic uses a mechanical lift to raise a car. The car weighs 11,000 N. The lift raises the car 2.5 m. How much work is required to accomplish this task? A
Medieval cities grew as trade developed. True False
3. What statement best describes an independent variable? A. The factor that does not change, but impacts the constant in an experiment B. The factor that's
What is the ratio of x to y? 3/2=2x/2x+y A. -3/2 B. -2/3 C. 2/3 D. 3/2
Identify the vertex focus axis of symmetry directrix and direction of opening if each Y= 2(x-10) + 8
What impact did mass immigration have on the United States after the Civil War?
Which type of wave does not require a medium to travel through? A. wave created by x-rays as they create an image of a bone B. wave created by plucking the s