The answer is $16216987.55 (IMPORTANT: This is the answer assuming that the interest rate is annually. The quesiton says 'continuously' so I was a bit confused)
To solve this problem, you can use the compound interest formula.
Here it is once you plug in the numbers: A = 5,000,000 ( 1 + .04) ^30
Just solve the equation to find the solution.
<span><span>800 </span><span>+60 </span><span>+3 </span><span>+ 0.1</span><span>+ 0.04</span><span>+ <span>0.001
</span></span></span>
Answer:
(-6,4)
Step-by-step explanation:
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