Find the value of an investment of $20,000 for 12 years at an annual interest rate of 3.85%
1 answer:
Answer:
<h2>
$31,745</h2>
Step-by-step explanation:
Compound continuously:
FVn = PV x e^rn
where
PV = $20,000
r = 3.85%
n = 12 years
plugin values into the formula:
FV₁₂ = $20,000 x e ⁰°⁰³⁸⁵ ⁽¹²⁾
FV₁₂ = $31,745
You might be interested in
Answer:
its A im pretty sure
Step-by-step explanation:
![\bf \cfrac{d}{dx}[u(x)\cdot v(x)]\implies \cfrac{du}{dx}\cdot v(x)+u(x)\cdot \cfrac{dv}{dx}\quad \begin{cases} u(0)=3\qquad u'(0)=-4 \\\\ v(0)=2\qquad v'(0)=-7 \end{cases} \\\\ \left[ \cfrac{du}{dx} \right]_{x=0}\cdot v(0)+u(0)\cdot \left[ \cfrac{dv}{dx} \right]_{x=0}](https://tex.z-dn.net/?f=%5Cbf%20%5Ccfrac%7Bd%7D%7Bdx%7D%5Bu%28x%29%5Ccdot%20v%28x%29%5D%5Cimplies%20%5Ccfrac%7Bdu%7D%7Bdx%7D%5Ccdot%20v%28x%29%2Bu%28x%29%5Ccdot%20%5Ccfrac%7Bdv%7D%7Bdx%7D%5Cquad%20%0A%5Cbegin%7Bcases%7D%0Au%280%29%3D3%5Cqquad%20u%27%280%29%3D-4%0A%5C%5C%5C%5C%0Av%280%29%3D2%5Cqquad%20v%27%280%29%3D-7%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%0A%5Cleft%5B%20%5Ccfrac%7Bdu%7D%7Bdx%7D%20%5Cright%5D_%7Bx%3D0%7D%5Ccdot%20v%280%29%2Bu%280%29%5Ccdot%20%5Cleft%5B%20%5Ccfrac%7Bdv%7D%7Bdx%7D%20%5Cright%5D_%7Bx%3D0%7D)
so.. hmm pretty sure you know what that is
Answer:
14/3
Step-by-step explanation:
2 1/3=7/3
2*7/3=14/3
.196 minutes long is the answer
Answer:
99 ÷ 12
12 ÷ 12
=
8.25 cm
1
=
8.25
cm
= 8.25 cm per cm
