vivi091906 vivi091906

16-05-2022
Mathematics

contestada

Find the amount of money a woman owes at the end of 3 years if 5% interest is compounded continuously on her $2500 debt

Respuesta :

jsimpson11000 jsimpson11000

16-05-2022

Answer:

$ 2904.59

Step-by-step explanation:

For CONTINUOUS compounding FV = PV e^it

FV = future value PV = present value i = decimal interest t = years

FV = 2500 e^(.05 * 3) = 2904.59

Answer Link

Otras preguntas

Least to greatest(1.3,1 1/3,1.34)

How do you know when to put an open or closed circle when graphing inequalities?

how do you do decrease 280 by 95%

Suppose you're writing a letter and you recall a word you'd like to use, but you don't know how it's spelled. If you wanted to look up the word in a dictionary,

What process is used to link amino acids together? Name the bonds found between amino acids in a polypeptide chain? Explain the difference between a disaccharid

What are ten ways we use wind?

why did a system of roads help the romans develop economically and politically?

how to turn 25/30 in simplest form

Who or what promotes or affects international cuisine? detailed answer please x

what particles make up a plasma of hydrogen?