1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
harina [27]
3 years ago
15

Francis deposits $11,000 in an IRA. What will be the value of his investment in 9 years if the investment is earning 4.1% per ye

ar and is compounded continuously?
Mathematics
2 answers:
elena-s [515]3 years ago
6 0

Answer:

$15,059

Step-by-step explanation:

4.1 x 9 = 36.9

36.9% of 11,000 = 4059

11,000 + 4,059 = 15,059

solniwko [45]3 years ago
6 0

Answer:

15,909.16

Step-by-step explanation:

This is the answer

You might be interested in
ANSWER THIS QUICKLY PLEASE!!!!!!!
Effectus [21]
Hi
Bhrkhgabdjvdlsihsldvasdlwdwlij
3 0
3 years ago
Including 5% sales tax, an inn charges $252 per night. Find the inn’s nightly cost before the tax is added
stira [4]

Hi,

To find the cost before tax, we must find out how much the tax is. So we multiply 252 x .05 to get 12.6. So we know the tax was 12.6 dollars. Now all we have to do is subtract that from the total to get our answer. 252 - 12.6 = 239.4.

Have a great day!

3 0
3 years ago
You paid $44 to a loan company for the use of $1,153 for 119 days, what annual rate of interest did they charge? (Assume a 360-d
Zigmanuir [339]

Answer:

Ans. A) The annual rate that the company charged was 11.996%; B) if they charged you 11.186% annual rate, you would have to pay $41.14

Step-by-step explanation:

Hi, first we have to find out what is the effective 119 days rate and then turn it into an annual rate. This is as follows.

r(Effective119Days)=\frac{44}{1,153} x100=0.038161

So the charged rate was 3.816% effective, 119 days, now let´s make it an annual rate.

r(annual)=(1+0.038161)^{\frac{360}{119} } -1=0.119965

This means that the equivalent rate to 3.816% effective 119 days ys 11.996% effective annually (or just annual).

Now, if they were to charge you 11.186% annual, you would have to make this rate effective 119 days, and then, multiply it by the principal ($1,153). Let´s change the rate first.

r(Effective119Days)=(1+0.11186)^{\frac{119}{360} -1}=0.03568

And the money that you will have to pay in interest is $1,153*0.03568=$41.14

Best of luck

7 0
3 years ago
97 square inches to the nearest tenth
kupik [55]
97 Rounded to the nearest tenth would be 100
7 0
3 years ago
Read 2 more answers
What is the measure of 3?
Ratling [72]

Answer:

∠ 3 = 60°

Step-by-step explanation:

∠ 1 and ∠ 2 are same- side interior angles and sum to 180° , then

4x + 36 + 3x - 3 = 180

7x + 33 = 180 ( subtract 33 from both sides )

7x = 147 ( divide both sides by 7 )

x = 21

Then

∠ 2 = 3x - 3 = 3(21) - 3 = 63 - 3 = 60°

∠ 2 and ∠ 3 are alternate angles and are congruent, so

∠ 3 = 60°

6 0
3 years ago
Read 2 more answers
Other questions:
  • Samantha works part time at a store where she earns $462.30 each month
    12·1 answer
  • Triangle FGH is an isosceles right triangle with a hypotenuse that measures 16 units. An altitude, GJ, is drawn from the right a
    12·2 answers
  • Solve for x.<br><br><br><br> x/7 + 9 = 15
    8·2 answers
  • What is 2 times 1000000​
    14·2 answers
  • In the lab, Teresa has two solutions that contain alcohol and is mixing them with each other. She uses 4 times as much
    11·2 answers
  • Passing through 1,-4 and -2,5
    9·1 answer
  • Please need help on this one
    9·1 answer
  • 7+6 (mod 5) =<br><br>2+1 (mod 5) =<br><br>20 (mod 11) =<br><br>35 (mod 11) =<br><br>20 (mod 11) =​
    14·1 answer
  • Area sheet 3!! Need asp!!
    10·2 answers
  • 1. what would the effect have been on the calculated formula weight ([9] above) of your unknown as compared to the true formula
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!