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kherson [118]
2 years ago
15

Ingrid deposit $10,000 in an IRA what will be the value of her investment six years if the investment earning 3.2% per year and

is compounded continuously
Mathematics
1 answer:
enyata [817]2 years ago
7 0

Answer:

  • $12116.71

Step-by-step explanation:

Given

  • Deposit = $10000
  • Interest rate = 3.2% PA
  • Interest type = compound
  • Frequency = continuous
  • Time = 6 years

Calculation

  • Total = 10000*e^(rt) = 10000*e^(0.032*6) = $12116.71
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Answer: D

Step-by-step explanation:

a^2 +b^2 = c^2

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AleksandrR [38]
Number of pennies:P
Number of nickels:N
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P=N+12
N=D+5
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^given
Therefore 
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Final answer:
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14 Nickels
26 Pennies
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