What is 59% of 14 m?
1 answer:
You might be interested in
9514 1404 393
Answer:
see attached
Step-by-step explanation:
Read the values from the graph in the usual way: find the x-coordinate, then locate the point on the graph and find its y-coordinate.
You find the y-coordinate by following the horizontal line to the y-axis, where the numbers are.
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.