1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
11

If $3,500 is invested at an interest rate of 6.25% per year compounded continuously, find the value of the investment after (a)

3 years, (b) 6 years, and (c) 9 years. (The formula can be found in the lecture notes or the textbook.)
Mathematics
1 answer:
AveGali [126]3 years ago
4 0

Answer:

(a) 3 years FV=$4,221.80

(b) 6 years FV=$5,092.46

(c) 9 years FV=$6,142.69

Step-by-step explanation:

The formula for continuously compounded interest is

FV = PV x e^(i x t)

where,

FV=future value of the investment,

PV= present value,

i = stated interest rate,

t = time in years,

e= mathematical constant approximated as 2.7183.

In this case,  

PV=$3,500

i = 6.25%

(a) 3 years

FV = PV x e^(i x t)

FV = $3,500 x e^(6.25%x3)

FV=$4,221.80

(b) 6 years

FV = $3,500 x e^(6.25%x6)

FV=$5,092.46

(c) 9 years

FV = $3,500 x e^(6.25%x9)

FV=$6,142.69

You might be interested in
What is 5x × 12y - 8xy​
makkiz [27]

Answer:

52xy is the answear. Hope it helps

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
What are the x-intercepts of the graphed function?
baherus [9]
The x-intercept of the graph is the x-point where graph touches the x-axis. ... Here graph touches the x-axis two times. (c) (–1, 2) and (1, 0): x-intercept are -1 and -1.
5 0
3 years ago
Simplify
Blababa [14]
Equation describes a sloping line. For any
equation ax+by+c = 0, slope is .<span>X intercept is found by setting y to 0: ax+by=c becomes ax=c. that means that x = c/a. 30/5 = 6.Y intercept is found by setting x to 0: the equation becomes by=c, and therefore y = c/b. Y intercept is 30/-3 = -10.Slope is -5/-3 = 1.66666666666667.<span> Equation in slope-intercept form: y=1.66666666666667*x+-10.</span></span>
6 0
3 years ago
In the figure, AB | CD and<br>mZ1 = 120°<br>What is mZ5<br>​
Stells [14]

Answer:

Step-by-step explanation:

If AB is parallel to CD and there is a transversal cutting through both (as there is, although it is not named here), then by the definition of corresponding angles, angles 1 and 5 are corresponding and are therefore, congruent. If angle 1 measures 120 then so does angle 5. Learn these...they're very important and are prevalent in triangle stuff in geometry!!!

7 0
3 years ago
Complete the square to make a perfect square trinomial. Then, write the result as a binomial squared.
neonofarm [45]

Answer:

Step-by-step explanation:

c2+2c+4

(c+2)^2

^ is the exponent

5 0
3 years ago
Other questions:
  • What is 11 divided by 20
    7·1 answer
  • The perpendicular bisector or to the line segment with an points(-4,9) and (8,5). The equation of the line is
    8·1 answer
  • What is the distance between the points (–3, 5) and (2, –6)?
    6·2 answers
  • Part B
    7·1 answer
  • Really easy points!!!!!! Please solve for all three answers.
    15·1 answer
  • Tell whether each pair of angle measurements are complementary, supplementary or neither.  36°,24°  18°,72°  96°,84°
    9·1 answer
  • The ratio of elena's height to pavai's height is 10:13. The ratio of elena's height to kamir's height is 2:3. Their total height
    14·1 answer
  • (1.5×10^3)+(2.5×10^2) in standard form​
    9·1 answer
  • (show the work please)
    11·1 answer
  • You can earn 1 coin<br> 2)<br> Fill in the blank.<br> 8 + 8 + 8 + 8 + 8 + 8 + 8 + 8 + 8 + 8 =<br> x8
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!