ceng2552 ceng2552
  • 01-05-2020
  • Mathematics
contestada

how would I calculate this

how would I calculate this class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-05-2020

Answer:

  $18,413.01

Step-by-step explanation:

Use the formula for interest compounded continuously:

  A = Pe^(rt)

where P is the principal invested ($14,000), r is the annual interest rate (.0685), and t is the number of years (4).

  A = $14,000·e^(.0685·4) = $14,000·e^0.274

  A ≈ $18,413.01

Answer Link

Otras preguntas

Which of the following is an anion?Al3+ Mg2+ O2– H Save
Pablo: Viví con mí tía durante dos meses. Miguel: ¿Cuándo? Pablo: _______.
What will decreasing a telescopes eyepiece vocal length do?
Which pair of words shares the same suffix? A.) enjoyable, teachable B.)disappoint, disrepair C.)mistake, misery D.)angrily, angered
Why did a break-in at the Watergate office building turn into a major political scandal?
Given the function g(x) = 6^x, Section A is from x = 1 to x = 2 and Section B is from x = 3 to x = 4. Part A: Find the average rate of change in each section. P
Which of these is directly involved in transporting nutrients from the sugar solution into the yeast?
By 1900, who was entitled to fully enjoy the blessings of american liberty? be sure to include in your answer blacks, women, labor, immigrants, and colonial sub
What were the wagons on the Oregon Trail called?
How long would it take for 1.50 mol of water at 100.0 ∘c to be converted completely into steam if heat were added at a constant rate of 24.0 j/s ? express your