Rochelle deposits $5,000 in an IRA. What will be the value of her investment in 25 years if the investment is earning 8% per yea
r and is compounded continuously? Round to the nearest cent.
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 the values in the formula
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Answer:
6 hours
Step-by-step explanation:
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not sure if correct
Answer:

Step-by-step explanation:
Step 1: Write out limit

Step 2: Evaluate
(2 + 1)(3(2)² - 9)
3(3(4) - 9)
3(12 - 9)
3(3)
9
Just divide the price by the amount
a) 11/26= $0.42 per pound
b) 33/8 = $4.13 per hour
Answer:
$156.35
Step-by-step explanation:
we know that
A group of friends went to lunch, and their bill was $132.50
In this problem
$132.50 represent the 100%
100%+18%=118%
so
using proportion
Find out the total amount that represent 118%
Let
x ----> the total amount of the bill

Answer:
(x - 6)(x - 11)
Step-by-step explanation:
x² - 17x + 66
-11 and -6
x² -11x - 6x + 66
x(x -11) - 6(x -11)
(x - 6) (x - 11)
(x = 6 or x = 11) These are the possibilities of x