The Amount of investment equals $974.83.
The continuous compound interest helps to calculate an investment that are reinvested into the balance over a infinite number of periods.
- The formula for continuous compound interest is A=P^e^(r*t)
Amount of investment = $535 * e^(6%*10)
Amount of investment = $535 * 1.82211880039
Amount of investment = $974.833558209
Amount of investment = $974.83
Therefore, the Option B is correct since the Amount of investment equals $974.83.
Read more about compound interest
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No
Answer:
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You can use 529 plan funds to pay for study abroad expenses if the study program at the foreign institution is eligible for credit at the student's US home institution, and if the foreign institution is eligible for Title IV federal student aid, which can be determined by looking for the federal school code
Answer:
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Explanation:
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Answer:
See explanation below.
Explanation:
There is no better way to catch up, then actually doing the homework. I spend more time, avoiding the homework, then actually doing it. Imagine that!
I have to put away all games and distractions and resolve to do the work. I never really want to, but have to make myself. My suggestion is resolve to do the homework, promise yourself, and do it.
Hope this Helps!! Have an Awesome Day!!
