For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
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I'll do the math for this, it may take me a few minutes so i will update this comment with an answer in just a minute. I always get anxious when nobody replies kind of quickly as i feel it is being forgotten. So just a heads up i'm working on a answer!
D shows equivalent expressions
Same i am sorry need point
Answer:


Step-by-step explanation:
<u>Arithmetic Sequences
</u>
The arithmetic sequences are identified because any term n is obtained by adding or subtracting a fixed number to the previous term. That number is called the common difference.
The equation to calculate the nth term of an arithmetic sequence is:

Where
an = nth term
a1 = first term
r = common difference
n = number of the term
The sum of the n terms of an arithmetic sequence is given by:

We are given the first two terms of the sequence:
a1=5, a2=8. The common difference is:
r = 8 - 5 = 3
Thus the general term of the sequence is:


The formula for the sum is:


Operating:
