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
hram777 [196]
3 years ago
12

Find the value of an investment of $5000 at 7% compounded continuously for 6 years

Mathematics
1 answer:
Helga [31]3 years ago
8 0

Answer:

Option 4 is correct

Step-by-step explanation:

If the rate is compounded continuously, the formula used to find the future value is:

A= Pe^rt

Where A = Future Value

P= Principal amount

r = interest rate in decimal

t = time

For the given data:

A=?

P = $5000

r = 7% or 0.07

t = 6

Putting values in the above formula

A= 5000e^(0.07 *6)

A = 7609.81

So, Option 4 is correct.

You might be interested in
If the diagonals of a parallelogram are perpendicular bisector of each other then it is a ____
Rina8888 [55]

Answer:

Rhombus

Step-by-step explanation:

I think so, probably.

4 0
3 years ago
Ben makes $39,600 a year. What is the maximum amount he can afford for a'
Olin [163]

Answer:

B:825

Step-by-step explanation:

Hopes this helps:)

3 0
3 years ago
A car dealership pays $8,350 for a car. They mark up the price by 17.4% to get the retail price. What is the retail price of the
tangare [24]
$ 9802.9and it said the answer had to be 20 characters long so i wrote this
3 0
3 years ago
Find the value of n.
Yuki888 [10]
The answer is 30. You are welcome
5 0
3 years ago
Read 2 more answers
The following graph shows the consumer price index (CPI) for a fictional country from 1990 to 2000. During which of these time p
netineya [11]

the first graph is the answer


6 0
3 years ago
Read 2 more answers
Other questions:
  • One tea bag can brew two or three cups of tea. Anastasia and Elizabeth shared the box of tea bags equally. Anastasia made 57 cup
    15·2 answers
  • A cylindrical package with half a hemisphere to be sent by a postal service can have a maximum combined length (height of the cy
    9·2 answers
  • Math question down below
    7·1 answer
  • When Kirk and Elisa formed their general partnership, Kirk contributed 90 percent of the capital, and Elisa contributed 10 perce
    5·1 answer
  • When x=1/2, what is the value of 8x-3 over x?
    6·1 answer
  • HELP QUICK IM STRUGGLING!:(
    12·2 answers
  • Help with this question? <br> 20 points!
    6·2 answers
  • 1.98 subtracted by 0.99
    10·2 answers
  • Assume that the significance level is alpha = 0.01. Use the given information to find the​ P-value and the critical​ value(s). T
    11·1 answer
  • A school is tracking its freshmen attendance for the first marking period. Shown below is a table summarizing the findings for t
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!