1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sineoko [7]
2 years ago
10

Klaus invested $8,000 in a savings account. if the interest rate is 3.45%, how much will be in the account in 15 years by compou

nding continuously? round to the nearest cent.
Business
1 answer:
Marta_Voda [28]2 years ago
4 0

$13,422.62 will be in the account in 15 years by compounding continuously.

<h3>Compound interest rate</h3>

Formula: FV =PV * e^(i*t),

where FV =Future value,

PV=Present Value,

e =Euler’s number,

i =nominal rate per year,

t =Number of years.

Answer:

$13,422.62

that is why

FV =PV * e^(i*t),

A=?

P=$8,000

r=0.0435

t=15 years

A=8,000e0.0345*15

To learn more about Compound interest rate  visit the link

brainly.com/question/14540021

#SPJ4

You might be interested in
Merlin Frodo has been doing custom piercings and tattoos for over thirty years. His home and place of business is a garage in th
nataly862011 [7]

Answer:

C.

Explanation:

Data mining is the process of extracting information from the company´s various databases and reorganizing it for porposes other than what the databases were originally intended for.

It provides a means of extracting previously unknown, predictive information from the base of accessible data in data warehouse.

Data mining process is different for different organizations depending upon the nature of the data and organization.

Data mining tools are sophisticated, automated algorithms to discover hidden patterns, correlations, and relationships among organizational data.

5 0
3 years ago
if you were in the dry cleaning business whom would you benchmark for their technological innovations
Cloud [144]
If you were in the dry cleaning business you would benchmark  the business itself for their technological innovations
5 0
3 years ago
Keesha Co. borrows $165,000 cash on November 1, 2017, by signing a 180-day, 11% note with a face value of $165,000. On what date
Whitepunk [10]

Answer:

Explanation:

Principal amount $165000

Rate - 11%

time - 180

Interest = 165000*0.11=$18150

Total Maturity = 165000*0.11*180/365= 8950.68

Interest Expense for year 2017 = 165000*0.11*61/365 = 3033

Interest Expnese for year 2018 = 165000*0.11*119/365 = 5917

Ans. April 28, 2018

8 0
3 years ago
Rob works for $8.00 per hour. His regular hours are 40 hours per week and he gets time-and-a-half for overtime. One week he work
Arlecino [84]

Answer:

$440

Explanation:

$8.00 x 40 = 320

1.5 x 8 = 12

12 x 10 = 120

320 + 120 = 440

5 0
3 years ago
The average size of farms in the united States increased from 100 acres in 1920 to 700 acres in 1980.Let be the average size x y
Andre45 [30]

Answer:

1950

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • A researcher uses a regression equation to predict electric bill costs (in dollars) based on the age of the home (in years). The
    5·1 answer
  • Allison's requires $180,000 to fund a new project next year. The firm expects to earn excess cash of $68,000 this year after all
    8·1 answer
  • Are pieces of information that are sent into, or passed to, a method, usually because the method requires the information to per
    11·1 answer
  • In the current year, Oriole Corporation donated a painting worth $30,000 to the Texas Art Museum, a qualified charity. The museu
    7·1 answer
  • The primary _______ of autotrader.com's research was to connect advertising on its website to actual dealership visits by custom
    10·1 answer
  • When considering the economic prospects of a country, it can be said that Group of answer choices the advantages of building bra
    9·2 answers
  • the trasportation costs involved in getting a product to a cosumer after the product has been made are 1. transaction costs 2.co
    5·1 answer
  • What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen
    11·1 answer
  • A car and a computer are examples of what?
    9·2 answers
  • During the current calendar year, Bowman Corporation purchased $660,000 of inventory. The beginning inventory balance was $84,00
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!