Fred decides to think about retirement and invests at the age of 26. He invests $15,000 and hopes the investment will be
2 answers:
Answer:
Step-by-step explanation:
Future value with continuous compounding ; FV =
Introduce <em>ln </em>on both sides of the equation
ln 60 = ln
note: ln
Next, solve the equation;
4.09 = 38r
Divide both sides by 38 to solve for r;
4.09/38 = r
r= 0.107746 or 10.7746%
Therefore the rate would be 10.775% to the nearest a tenth of a percent.
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Answer: y + 3 = 4 (x +1 )
Step-by-step explanation:
The eqution of a line in point- slope form is given as :
= m(
)
Where m is the slope and ( ,
) is the given point
substituting the values into the formula , we have:
y - (-3) = 4 ( x - {-1) )
y + 3 = 4 ( x + 1)
This is the equation of the line in point-slope form.
For this case what we should know is that the function that best adapts to this problem is given by:
y = 2 * (4) ^ x
The graph of the function is shown for two different intervals:
A small interval of -1.5 to 0.5
A larger interval of -6.5 to 6.5.
In both intervals the exponential growth of the function is demonstrated.
Answer:
See attached image.
y = 2 * (4) ^ x
The graph of the function is shown for two different intervals:
A small interval of -1.5 to 0.5
A larger interval of -6.5 to 6.5.
In both intervals the exponential growth of the function is demonstrated.
Answer:
See attached image.