Answer:
d.
They could file for Chapter 13 bankruptcy and discharge some of their debt.
Step-by-step explanation:
Answer:
2489200
Step-by-step explanation:
First you have 248.92. You also have 10^4
Your equation should look like 248.92 * 10^4
Calculate using a calculator and you should arrive at the answer 2,489,200.
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


No there just has to be one or two on the line
The answer is 44,000 dollars. due to 5+3+2+1=10, you divide 88,000 by 10 and you then multiply that by the largest number to get 44,000