How much would $900 be worth after 13 years, if it were invested at 3% interest compounded continuously? (Use the formula below
1 answer:
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Answer:
d. 0.4013
Step-by-step explanation:
Half of the area under the normal curve is found to the left of the midpoint, where z=0. For negative values of z, the area under the curve is less than half.
Area under a normal curve is always a positive value between 0 and 1, so will never be negative.
The only value that can be an area in a left-hand tail is 0.4013.
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<em>Additional comment</em>
That value corresponds to z ≈ -0.25.
