The amount of money Justin would have in his account than Aaron, to the nearest dollar is $0
What is the future value formula for continuous compounding cash flow?
The future value, which is used to determine the worth of this investment of $740 made now in 18 years is as shown below:
FV=PV*e^(rt)
FV=the worth of the investment in 18 years=unknown
PV=the amount invested today=$740
e=mathematical exponential value=2.7182818
r=rate of interest which compounded continuously=5%
t=time of investment in years=18
FV=$740*2.7182818^(5%*18)
FV=$740*2.7182818^(0.90)
FV=$740*2.459603087981220
FV=$1,820.11
Justin:
FV=PV*(1+r/m)^(n*m)
PV=$740
r=5%
m=number of times in a year that interest is compounded=365
m=number of years=18
FV=$740*(1+5%/365)^(18*365)
FV=$1,819.99
difference=$1,820.11-$1,819.99
difference=$0.12($0 to the nearest dollar)
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Answer:
can you show the other answers to see if I have the answer sorry.
Answer:
1¹/₃₀
Step-by-step explanation:
The 3 gallons were partially full
They contain 1/3 of a gallon and 1/5 and 1/2 of a gallon of paint.
the first is 1/3 of the gallon
the second is 1/5 of galloon
the third is 1/2 of gallon adding them together
1/3 +1/5 +1/2 = (10+6+15)/30 = 31/30 = 1¹/₃₀
Answer:
A) slope of f(x) = 3 , slope of g(x) = 7
B) y intercept of f(x) is 0 and g(x) is 2
So g(x) has greater y intercept
Step-by-step explanation:
Lets find equation of f(x) using the given table
LEts take two points from the table (0,0) (1,3)
we use equation y=mx+b
where m is the slope and b is the y intercept
we got m = 3, we use (0,0) and find out b
y=mx+b
0 = 3(0) + b
so b=0
So equation for f(x)= 3x +0
slope =3 and y intercept = 0
For equation g(x) = 7x +2 , slope = 7 and y intercept = 2
