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
madreJ [45]
4 years ago
5

If $3,000,000 is invested at 6% interest compounded continuously, how much

Mathematics
1 answer:
g100num [7]4 years ago
3 0

Answer:

  $24,498,509.74

Step-by-step explanation:

The formula for the value as a function of time is ...

  V(t) = P·e^(rt)

Filling in the numbers and doing the arithmetic, we have ...

  V(35) = 3,000,000·e^(0.06·35) ≈ 24,498,509.74

Compounded continuously for 35 years, the investment will be worth $24,498,509.74.

You might be interested in
❗️PLEASE HELP ❗️<br> Bill makes 30 flags in 3 3/4 hours. <br> How many flags can he make in 1 hour?
Stels [109]
30 flags in 3 3/4 that’s the whole question?
5 0
3 years ago
A university organizes an event in which all tenth grade students from three schools districts are invited to visit the universi
Archy [21]

Answer:

42

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Write down the degree of the following algebraic expression (a)
tekilochka [14]
Answer: 3

Why: When exploring the polynomial functions, the degree is the highest exponent
7 0
3 years ago
Find the x-intercept and y-intercept<br> from the following linear equation:<br> 8x - 9y = 144
const2013 [10]
X intercept (18,0)
Y intercept(0,16)
8 0
2 years ago
In mr. Ochoas mathematics class, 1/2 of the students received as and 1/6 received bs. What fraction of the student received eith
Contact [7]

Answer:1/3

Step-by-step explanation:

6 0
3 years ago
Other questions:
  • A seller has a house that is 1700 ft^2. The neighborhood comps show the line of best fit to be y=0.074x + 50.48. What is a fair
    13·1 answer
  • Please explain the steps to f8nd the answer to problem #14. : )
    12·1 answer
  • A farm lets you pick 3 pints of raspberries for $12.00. At this rate, how many pints can you get for $20?
    14·1 answer
  • Describing each step.
    7·2 answers
  • If sine of x equals 1 over 2, what is cos(x) and tan(x)?
    12·1 answer
  • Solve and graph each inequality -2y+7&lt;1 or 4y+3&lt;-5​
    7·2 answers
  • Find the value of x in the triangle shown below<br><br> a. √8<br> b. √32<br> c. 32<br> d. 8
    15·2 answers
  • ok yeah I can find what the name is but how in the heck do I find the value of x?!!! directions in photo no links or your gettin
    10·2 answers
  • An airline charges more money for bags weighing over 50 pounds. Your bag weighs 45.83 pounds. How much more weight can you put i
    6·2 answers
  • How much time has passed? Start time: 1:18 a.m. End time: 3:09 a.m.​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!