How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $1500 in two years?
1 answer:
Answer:
$1317.14
Step-by-step explanation:
compounded continuously formula is A=Pe^rt
given that you want to have $1500 in 2 years while the rate is 6.5%, you have A, r, and t of the formula and you are just looking for the P.
plugging everything in...
1500=P (e)^2x0.065
P=1500/1.139
P=1317.14
You might be interested in
3 hours and also is there supposed to be a dollar sign before 2200
The correct answer to your question is B.
You plug in a 3 wherever you see an x
2x^3-4x^2+6x
2(3)^3-3(3)^2+6(3)
2(27)-3(9)+18
54-27+18
27+18
=45
Hope this helps
Answer:
x=3/4
Step-by-step explanation:
Answer:
n=0
Step-by-step explanation:
4(0) +5(0)=
0+0=
0