The amount of money Justin would have in his account than Aaron, to the nearest dollar is $0
What is the future value formula for continuous compounding cash flow?
The future value, which is used to determine the worth of this investment of $740 made now in 18 years is as shown below:
FV=PV*e^(rt)
FV=the worth of the investment in 18 years=unknown
PV=the amount invested today=$740
e=mathematical exponential value=2.7182818
r=rate of interest which compounded continuously=5%
t=time of investment in years=18
FV=$740*2.7182818^(5%*18)
FV=$740*2.7182818^(0.90)
FV=$740*2.459603087981220
FV=$1,820.11
Justin:
FV=PV*(1+r/m)^(n*m)
PV=$740
r=5%
m=number of times in a year that interest is compounded=365
m=number of years=18
FV=$740*(1+5%/365)^(18*365)
FV=$1,819.99
difference=$1,820.11-$1,819.99
difference=$0.12($0 to the nearest dollar)
Find out more about continuous compounding on:brainly.com/question/23136156
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Find the mode of the following data . 12,8,4,8,1,8,9,11,9,10,12,8
Y_Kistochka [10]
Answer:
8
Step-by-step explanation:
The mode of a set of data values is the value that appears most often
Answer:
A
Step-by-step explanation:
square: 10² = 100
Circle: π*5² = 3.14*25 = 78.5
In the squqre not in the circle: 100-78.5 = 21.5
Answer:
2.5 feet bud hope it helps
