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:
Step-by-step explanation:
A, x=31
E, b=11
N, m=61
Y, b=15
I, a=80
G, k=-78
U, x=-13
R, u=88
O, y=13
A, w=104
H, d=-7
V, n=1/36
Sorry, don't want to give away all the answers!
Hope this helps!!!
Answer:
If this isnt right im sorry but i think that it is the last answer
sorry if i got it wrong please tell me
Step-by-step explanation:
C. 10. you can calculate this by adding n to both sides to get 35=25+n and then subtracting 25 from each side to get n=10.