Mathematics, 16.07.2019 10:00, shikiaanthony
Find the value of $1,300 invested at 4.2% interest compounded continuously for 5 years, 9 months. round your final answer to the nearest hundredth, or cent, and show your work. use e=2.718
Answers: 1
where P is the initial amount invested, r is the rate as a decimal, and t is time in years. Our P = 1300, our r = .042, and our t = 5.75 (9 months is 3/4 of a year, and 3/4 in a decimal is .75). Putting all that into our formula we have 
. We have to multiply those 2 powers together and then raise euler's number to it, then multiply by 1300. Doing all of that, we get the amount at the end to be $1,655.10
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 17:00, kianarice55otaivh
During your cycling trip, you and your friends often stayed in hostels. the prices of these are listed below. hostel standard room (price per night) with breakfast (price per night) super sleep hostels £22.45 £28.65 normandy nights £18.55 £25 zzzola hostels £24.50 £30.99 belgian beds £11.20 £18.55 night-time rest days ? £33 what is the range in cost for a single night, including both standard room prices and with breakfast prices?
Answers: 1
Do you know the correct answer?
Find the value of $1,300 invested at 4.2% interest compounded continuously for 5 years, 9 months. ro...
Questions in other subjects:
English, 22.02.2021 19:10
Mathematics, 22.02.2021 19:10
Mathematics, 22.02.2021 19:10
Mathematics, 22.02.2021 19:10
Mathematics, 22.02.2021 19:10
