1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cluponka [151]
3 years ago
12

Dylan invested $4200 into a continuously compounded account with an interest rate of 2.4%. How much will she have in the account

after 11 years
Business
2 answers:
yanalaym [24]3 years ago
8 0

Answer:

$47,322.21

Explanation:

the formula for calculating future value when there is continuous compounding is : A x e^r x N

A= amount

e = 2.7182818

N = number of years

r = interest rate

42,000xe^0.024 x 11 = $47,322.21

Serga [27]3 years ago
4 0

Answer:

A≈5469

Explanation:

Use the formula for calculating compound interest A=P0ert where P0=4200, r=0.024, and t=11. Substitute the values into the formula and simplify.

A=4200e0.024⋅11

A=4200e0.264

A=4200(1.302)

A=5468.94

After 11 years, the balance in the account is A≈5469, rounded to the nearest dollar.  

You might be interested in
Which Sales Channel has been opened to manufacturers because of digital tools?
Aleksandr-060686 [28]

The sales channel that has been opened to manufacturers as a result of digital tools is B2B.

  • Through B2B e-commerce, manufacturers can be able to sell their goods directly to the consumers through online platforms.

  • It should be noted that because we're in a digital era now, consumers can be able to make purchases for products through online sales platforms and the goods will be delivered to the person's address. This is vital for businesses as manufacturers can make more sales and improve their revenue.

In conclusion, the correct option is B.

Read related link on:

brainly.com/question/14513493

3 0
3 years ago
Product mix width refers to the ________. A) number of versions offered for each product in the line B) ways in which the variou
sergey [27]

Answer:

D. number of different product lines the company carries

Explanation:

Product mix is referred to as product assortment which is the total number of product lines a company offers to its customers.

3 0
4 years ago
Nothing . Just nothing
Wittaler [7]

ok..have a good night bro! thnks for this! :)

Explanation:

Stay safe!.❤️

3 0
3 years ago
Read 2 more answers
Why is it important that the military be able to evacuate supplies and people when necessary? When might they need to do this?
Marrrta [24]
It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen. 
5 0
3 years ago
PH Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $3
MAVERICK [17]

Brainliest please? :)

PH Toy Company should sell its product unassembled.

The cost of the unassembled product is $30 and they would mark it up to $65 retail price resulting in a gross profit of $35

The cost to assemble the product is $21 per unit bringing the assembled product's total cost to $51. They would then mark it up to $85 retail price resulting in a gross profit of $34

Due to the unassembled product's retail price being cheaper, it would pertain to a different demographic that isn't as likely to spend more money on products.

4 0
3 years ago
Other questions:
  • Which of the following actions has NO impact on your credit score?
    9·1 answer
  • You win a scratch off lottery ticket that promises to pay an initial payment of 10,000 next year and grow at a rate of 2% foreve
    13·1 answer
  • Suppose you run a business that develops Web sites for e-commerce. You charge a flat fee of $2,700 to create the Web site. One o
    14·1 answer
  • Carson has opened up a new sports bar/restaurant in town. He has determined that his market segments are (1) students from the n
    11·1 answer
  • Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea
    9·1 answer
  • A company acquired an office building on three acres of land for a lump-sum price of $3,150,000. The building was completely equ
    13·1 answer
  • Gilberto Company currently manufactures 75,000 units per year of one of its crucial parts. Variable costs are $2.45 per unit, fi
    14·1 answer
  • The function f(x) = 2,000(1 + )12t models the balance in a savings account.
    9·2 answers
  • What is the function of the Federal Reserve (Fed)?
    12·1 answer
  • An integrated management information system was implemented in the Celestial VIllage Continuum of Care, a 180-bed long-term care
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!