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aleksklad [387]
3 years ago
8

FlybynightSavings is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $2,0

00 earn over 10 years
Business
1 answer:
zhenek [66]3 years ago
7 0

Answer: $47,065.06

Explanation:

When interest is compounded continuously, the formula is:

Future value = Principal * <em>e</em>^(rate * time period)

= 2,000 * <em>e⁰.³² ˣ ¹⁰</em>

= $49,065.06

Amount of interest earned:

= $49,065.06 - 2,000

= $47,065.06

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3 years ago
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Adam was in the fifth grade when he was adopted by the Smith's. Because his school used a centralized database, all of his teach
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4 years ago
1do you think jack is an entrepreneur? motivate your answer.
lesantik [10]

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2 years ago
In an attempt to understand its target markets better, Intel Labs Flexible displays group has been studying the product adoption
Andru [333]

Answer:

Three categories of adopters who will adopt flexible displays.

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8 0
3 years ago
3. A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods
Yuki888 [10]

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