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
Nitella [24]
4 years ago
8

Please assist with the answer

Business
1 answer:
otez555 [7]4 years ago
5 0

Answer: $1203.83

Explanation: Continuous compounding is a great thing if you are earning on an investment. It says that the principal is constantly earning interest and the interest on interest is also compounding continuously. The formula for the continuous compounding is:

A = P*e^(r*t)

where, A = $2600

e = the mathematical constant e (2.7128)

r = 11%

n = 7 years

By inputting the above variables in the formula,

$2600 = P * e^(0.11*7)

$2600 = P * e^(0.77)

$2600 = P * 2.159766

P = $1203.834

Therefore, the amount to be invested today will be $1203.834

You might be interested in
The main functions of human resource management can be categorized into ... A. Line function, management functions, and employee
babymother [125]

Answer:

C. Staff functions, line functions, and coordination functions

Explanation:

Human resource management functions may be classed into : line functions which involves the segment charged with the transition of an organization directly into its daily operational activities such as production, selling marketing and other customer service activities. The Staff functions of the human resource Management refers to advisory support on various activities of the organization which has to do with staffing, recruitment.

Coordination function involves the implementation of strategies which ensures synergy between various departments ensuring the adopting of best strategy to ensure maximum output.

5 0
3 years ago
Which turning point most directly affected the development of the free market economy?.
Vlad1618 [11]

Answer:

The Roosevelt Corollary was an extension of which of the following policies?

the gold standard

the Dawes Act

the Treaty of Paris

the Monroe Doctrine

Explanation:

The Roosevelt Corollary was an extension of which of the following policies?

the gold standard

the Dawes Act

the Treaty of Paris

the Monroe Doctrine

The Roosevelt Corollary was an extension of which of the following policies?

the gold standard

the Dawes Act

the Treaty of Paris

the Monroe Doctrine

The Roosevelt Corollary was an extension of which of the following policies?

the gold standard

the Dawes Act

the Treaty of Paris

the Monroe Doctrine

5 0
3 years ago
a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
hammer [34]
The answer is 24 minutes.

3 0
3 years ago
Technological change is​ _____ new goods and of​ _____ of producing goods and services.
mafiozo [28]

Answer: development and exploring betterways

Explanation:

Technological change includes the development of new goods and the development of better ways of producing existing goods and services.

7 0
3 years ago
I need hElP!11!!rlelrdwf
Afina-wow [57]

Answer:

Building and construction

Explanation:

5 0
3 years ago
Other questions:
  • Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?
    9·1 answer
  • Frederic Taylor applied the scientific method to management. In many cases, this meant measuring a process to determine its opti
    7·1 answer
  • A borrower had a loan of $ 30 comma 000.00 at 6 % compounded annually comma with 8 annual payments. Suppose the borrower paid of
    7·1 answer
  • Sheridan Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the trans
    15·1 answer
  • Liam owns a far horizons travel agency franchise. as a franchisee, liam is guaranteed the right to retain all of his franchise's
    6·1 answer
  • Planning a meal that includes many different-colored foods is an example of which characteristic of a healthful diet? adequacy m
    8·1 answer
  • T/F The general purpose of tax is to provide incentives that will stimulate and improve the economy
    9·1 answer
  • When they all met at the mall, jonah could tell that amy rudy were interested in each other when jonah observed both of them?
    12·1 answer
  • Crawl Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock out
    13·1 answer
  • Required information Use the following information for the Exercises below. Skip to question [The following information applies
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!