Suppose you take $5800 and invest it with an 8% interest rate for 16 years compounded continuously, how much money will you have
?
1 answer:
Answer:
$20,860.51
Step-by-step explanation:
The multiplier of the investment is e^(rt), where r is the interest rate and t is the time period. In this case, the balance will be ...
A = 5800·e^(0.08·16) = 5800·e^1.28 ≈ 5800·3.5966397 = 20,860.51
You will have about $20,860.51.
You might be interested in
Answer: 20−12/3=?16
16=16
True
Step-by-step explanation: hope this help:)
Answer:
first go to menu on ur phone then press gallery and select which photo to use as display
Answer: x=7x−1
Step-by-step explanation:
Answer:
77
Step-by-step explanation:
I did the question and I got it correct.
B=2b+15
a=-3b+21
b=b
Step-by-step explanation: