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:
2/3
Step-by -step explanation:
Answer:
D
Step-by-step explanation:
That is where the line meets.
replace the numbers given for x & y so
the equation becomes 3*(-3) + 2*(-4) =
3*-3 = -9
2*-4 = -8
-9 + -8 = -17
Answer:
14 copies per minute
Step-by-step explanation:
Take 742 copies and divide by 53 minutes
742/53 =14
14 copies per minute
Answer:
64 squared units
Step-by-step explanation:
2 x 4 x 8 = 64
Hope it's correct
