What is the total amount for an investment of $1000 invested at 7.25% for 15 years and compound continuously?
1 answer:
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
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Answer:
Step-by-step explanation:
Let's see how well I can explain this. is the same as a 30 degree angle which is in quadrant 1. If you picture the unit circle, right in the center of it is the origin. If you draw a straight line from 30 degrees and through the center (the origin), you will automatically "connect" with the reference angle of 30 (this is true for ALL angles on the unit circle). This puts us in quadrant 3. In quadrant 3, x is negative and so is y. So the terminal point of the reference angle for 30 degrees has the same exact values, but both of them are negative (again, because both x and y are negative in quadrant 3). I can't see your choices but the one you want looks like this: