arod134169 arod134169

29-04-2024
Mathematics

Answered

A person places $39800 in an investment account earning an annual rate of 7.7%, compounded continuously. Using the formula V, equals, P, e, start superscript, r, t, end superscriptV=Pe
rt
, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 18 years.

Answer :

Other Questions

A price elasticity of demand coefficient of (1.5) one and a half indicates that a four percent (4%) change in the price of a good will cause a ____ percent chan

Your client, age 56, overruns their cash value life insurance policy, causing it to become a modified endowment contract (MEC). They are in need of cash as a re

Complete the analogy below.Wide is to narrow as tall is toa. shortb. longC. skinnyPDd. thickPlease select the best answer from the choices provided000CABCD

For questions 97-100, use the drawings below to answer these questions. 97. What point is the fulcrum? 98. What point is the effort force? 99. What point is the

The chart below shows the distribution of the number of books in a library. A circle graph titled Types of Books. The largest proportion is Literature, then Fa

At which point is property value reassessed by the county? a. Upon the Assessor receiving the deed from the County Recorder. b. Upon property changing ownership

Que relación hay en el relieve de Asia y su clima ?

What's one way digital communication has changed the workplace?Answer OptionsSelectof treePeople get away with communicating rudely with coworkers.People can te

By 1820,the United States was expanding to the west,with settlements concentrated around water resources

Marie bought a bag of 36 marbles. The bag weighed 2.7 pounds. To the nearest tenth of a pound, how much did each marble weigh?