jocelynreyes3030 jocelynreyes3030

02-03-2020
Mathematics

contestada

How much would $500 invested 4% interest compounded continuously be worth after 7 years?

Respuesta :

goddessboi goddessboi

02-03-2020

Answer:

$661.56

Step-by-step explanation:

Formula for compounded interest -> I=Pe^(rt)

I=500(e^(0.04*7))

I=500(e^0.28)

I=661.56

So the value after 7 years would be $661.56

Answer Link

Otras preguntas

Assignment: 11.01 Differences Between Genres: Saving Money please write an essay

Polyester and Nylon are examples of synthetic materials called polymers. A. True B. False

Please help me answer this question

Need help cnnbc recently reported that the mean annual cost of auto insurance is 959 dollars. assume the standard deviation is 263 dollars, and the cost is norm

Construct a square inscribed in a circle. Please help asp.

3. Find the value of √99225. Hence find the sum of √992.25 and √9.9225.

Which equation justifies why 93 - ? = (0³) 1_9(²+³)_9 93 (³) 93 ³_9(²+³)=9 (0³) - 93 93 =9=9 _g(¹-³)_9 =9 =9

PLEASE HELP ME!!! QUICKLY!!

the roots of the quadratic function describing the relationship between the number of products produced and overall profit margins are x= 0 and 150. the vertex

Can you explain the English spelling rules?