Answer:
.07 * 15.25 = 1.0675
Step-by-step explanation:
Solve for x.
x > 3
(It goes to the right, with the starting point open)
Answer:
C)
Step-by-step explanation:
- π can be added to π to get a rational number
π + (-π) = 0
0 is a rational number
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)

( ∵
)
We change the P (Present value) into the left side,


≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.