Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Answer:this is the answer
Step-by-step explanation:
Two 12-Hour Periods The 12-hour system divides the 24 hours of a day into two periods lasting 12 hours each. The first 12-hour period is designated as am. It runs from midnight to noon. The second period, marked pm, covers the 12 hours from noon to midnight.
The third angle: 180° - 90° - 51.5° = 48.5°
Answer:
Step-by-step explanation:
Your answer
P(t) = 8000(1.08)^t= 11755
.. ..... (1.08)^t= 1.469375
........ t = 5
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