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:
Can you post image of the triangle
Step-by-step explanation:
So what I did was I wrote down the problem 50 - 10x = 20.
The first step I did was take 50 and subtract it from both sides: 50 - 10x = 20
-50 -50
After that i cross out the so 50's and take 20 and subtract it to 50 which gave me -30. So when you write this down you rewrite it as: -10x = -30
Last step: take the -10 and divide it by both sides the cross out the two -10's cause it's going to be written as -30/-10 which would give you x = 3. So there is your answer, hope this helps. :)
~Shadow
Answer:
answer is $819
Step-by-step explanation:
I did 1073+1108+x/3=1000 Let me know if this is wrong please !
