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)
Find out more about continuous compounding on:brainly.com/question/23136156
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Answer:
B i think
Step-by-step explanation:
you are supposed to multiply the 80*.3 and that will give you 24 and subtract from 80 but im not sure
sorry if i got this wrong
Answer:
Yes.
Step-by-step explanation:
3:5= 1.5:2.5
Each number is divided or multiplyed by the same number.
Ex. 3/2=1.5 and 5/2=2.5
Hope that helps idk if its right though lol
Answer:
The vertex of the parabola is at equal distance between focus and the directrix. If F is the focus of the parabola, V is the vertex and D is the intersection point of the directrix and the axis of symmetry, then V is the midpoint of the line segment ¯FD
Step-by-step explanation:
answer 3rd
