8 more than half of n is 8 + n/2. That is c.
So,
c = n/2 + 8
or c = 8 + n/2.
The answer is a.
hope this helps!! :)
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Answer:
The answer is "778"
Step-by-step explanation:
Given value:

The formula for z-score: