Answer: x= -0.2
Step-by-step explanation:
Answer:
125
Step-by-step explanation:
2375/19
The amount of money Justin would have in his account than Aaron, to the nearest dollar is $0
What is the future value formula for continuous compounding cash flow?
The future value, which is used to determine the worth of this investment of $740 made now in 18 years is as shown below:
FV=PV*e^(rt)
FV=the worth of the investment in 18 years=unknown
PV=the amount invested today=$740
e=mathematical exponential value=2.7182818
r=rate of interest which compounded continuously=5%
t=time of investment in years=18
FV=$740*2.7182818^(5%*18)
FV=$740*2.7182818^(0.90)
FV=$740*2.459603087981220
FV=$1,820.11
Justin:
FV=PV*(1+r/m)^(n*m)
PV=$740
r=5%
m=number of times in a year that interest is compounded=365
m=number of years=18
FV=$740*(1+5%/365)^(18*365)
FV=$1,819.99
difference=$1,820.11-$1,819.99
difference=$0.12($0 to the nearest dollar)
Find out more about continuous compounding on:brainly.com/question/23136156
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Answer:
See my explanation.
Step-by-step explanation:
y=-2
Answer:
y = 1 and x = - 6
Step-by-step explanation:
The equation of a horizontal line parallel to the x- axis is
y = c ( where c is the value of the y- coordinates the line passes through )
The line passes through (- 6, 1 ) with y- coordinate 1 , then
y = 1 ← equation of horizontal line
The equation of a vertical line parallel to the y- axis is
x = c ( where c is the value of the x- coordinates the line passes through )
The line passes through (- 6, 1 ) with x- coordinate - 6 , then
x = - 6 ← is equation of vertical line
