Answer:
3rd answer
Step-by-step explanation:
There are no properties because you can do anything with subtraction and division
Semi monthly means 2 times per month
assume that pay is at beginning and middle of month (doesn't matter, but makes it easier for me)
so 12 months
2 times per month
12 times 2=24
divide 55000 by number of months
55,000/24=2291.67
so the amount per paycheck, assuming equally distributed amounts throughout the paychecks, is $2291.67
The function for the model that gives the future value of the investment in dollars after t years is: f(t) = 2000.e⁰·°⁴²t
Give, a lump sum of $2000 is invested at 4.2% compounded continuously.
Hence we have:
P = $2000
rate of interest = 4.2%
years = t
we know that A = Pe^rt
Substitute the above values in the formula.
Amount = f(t)
f(t) = 2000.e⁰·°⁴²t
hence we get the function for the model that gives the future value of the investment is f(t) = 2000.e⁰·°⁴²t
Therefore we get the required function.
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Answer:yyghvggft
Step-by-step explanation:
