1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mumz [18]
4 years ago
15

How much would $500 invested at 8% interest compounded continuously be worth after 3 years? round your answer to the nearest cen

t?
Business
1 answer:
bonufazy [111]4 years ago
4 0
Amount of investment after n years at continuous compounding is givent by A = Pe^rn; where P is the initial investment, r is the rate.

Therefore, the value of $500 invested at 8% interest compounded continuously is given by 500e^(0.08 x 3) = 500e^0.24 = 500 x 1.2712 = $635.62
You might be interested in
Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and f
Nikitich [7]
<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
3 0
3 years ago
Imagine that you have been hired by a large pizza chain to develop an IBP campaign for a new product, the KidZa Meal, which will
fiasKO [112]

Answer:

Advertising campaign that will be best suited is by inviting kids to the restaurant and arranging free of cost activities like drawing competition or similar and give free KidZa meals to the winners. This is where children will give attention to the newly launched meal and doll shaped chef will appeal them to buy the meal.  There can be advertisements on television which will seek attention of the kids at home. There can be stalls placed at various schools to familiarize kids with restaurant and give free discount vouchers which will force them to pay a visit at the restaurant.

Explanation:

Marketing strategies for the kids is very different than the adults. The adults usually analyze cost benefit whereas kids just choose a product if it looks good and colorful. The kids decide to buy a product when it appeals them. The doll as a gift is a great feature that will appeal kids to buy the meal.

7 0
3 years ago
What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?
Arada [10]

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

3 0
3 years ago
Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),.
Solnce55 [7]

Answer:

3000* (1+ 0.06) (that little 1 at the corner there <)

= $3,180

3,180 - 3000 = $180 first year

180/12 =$15 per month

The formula is

Principal (money borrowed/3000$) times/*/x (1+ rate (0.06) ) to the power of 1

Please correct me if i got it wrong i’m studying this in class too.

Explanation:

6 0
2 years ago
Why is there more risk for a business when it accepts checks than debit cards?
QveST [7]

Answer:

D. A debit card is approved electronically while checks are not.

Explanation:

A check can take days to clear the bank are not verified when given to the store.

5 0
3 years ago
Other questions:
  • Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la
    10·1 answer
  • The __________ is the system of relationships that develop spontaneously as employees meet and form power centers.
    11·1 answer
  • g The dollar amount of sales needed to achieve a target income is computed by dividing the sum of fixed costs plus the target pr
    11·1 answer
  • At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $3,500 (credit) before adjust
    13·1 answer
  • Jacques has been asked to calculate the cost of goods manufactured for Sully Enterprises for fiscal year 2015. He has accumulate
    6·1 answer
  • A manager has a gut feeling that some members are contributing more to the organization than other members. The first step the m
    5·1 answer
  • A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monda
    10·2 answers
  • In formal writing, you _____________ ____________ use abbreviations. Should never should always almost never almost always Forma
    6·1 answer
  • 2- A local car dealer is advertising two leasing options for its new XT 3000 series sports car. Option A: is a standard 24-month
    10·1 answer
  • Assume you own a churro stand. Also assume the next unit of labor that you hire produces 16 churros per hour, and the next machi
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!