The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)

( ∵
)
We change the P (Present value) into the left side,


≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Answer:
B and C
(I'm not sure if b and e are supposed to be the same though) if they are then, b, c, and e
Answer:
There's nothing there I believe you forgot to add a link just add or create another question and i'll see what I can do :)
Step-by-step explanation:
Answer:
= 18
Step-by-step explanation:
Answer:
$361,223
Step-by-step explanation:
Each year, the value is multiplied by 1+5% = 1.05. After 51 years, it has been multiplied by that factor 51 times, so is now ...
$30,000×1.05^51 ≈ $361,223