izzegracet izzegracet

19-01-2017
Mathematics

contestada

How much money invested at 5% compounded continuously for 3 years will result in $820?

Respuesta :

vargasjerry vargasjerry

04-02-2020

ANSWER:

The correct answer is $705.78

STEP-BY-STEP EXPLANATION:

How much money invested at 5% compounded continuously for 3 years will result in $820?

Let P be the amount invested.

compound interest = 5%

820 = Pe^[(0.05)(3)]

820/e^0.15 = P

705.78 = P to nearest cent

Answer Link

Otras preguntas

Lisa earns approximately $300 a month from her part-time job. She is most likely to spend the money on: A. family necessities. B. leisure activities C. househol

mahler's output is best understood as a fusion between what two genres?

An expense account is closed with a credit to the expense account and a debit to the Income Summary account. a. True b. False

Express x² + 10x in the form (x + a)² + b, where a and b are numbers. What are the values of a and b?

Interventions strategies to reduce or prevent restrictions or barriers

people who are codependent are likely to exhibit all but which of the following behaviors? a) denying their own needs because they are so busy taking care of ot

.Write a balanced reaction for which the following rate relationships are true? Rate = -1/2 Δ[N2O5 ]/ Δt = 1/4 Δ[NO 2]/ Δt = Δ[O 2]/ Δt A) 2 N2O5 → 4 NO2 + O2 B

The stem-and-leaf plot displays the distances that a heavy ball was thrown in feet. 2 0, 2, 5 3 1, 3, 4 4 1, 1, 5 5 0, 6 6 7 Key: 3|1 means 3.1 What is the mea

Consider the beam loaded as shown below. The beam has a rectangular cross section with cross-section dimensions of b x h, where b is the dimension into the page

25) How are the costs of secured and unsecured loans different? A) Secured loans impose higher interest rates, so cost more; unsecured loans impose lower intere