The Amount of investment equals $974.83.
The continuous compound interest helps to calculate an investment that are reinvested into the balance over a infinite number of periods.
- The formula for continuous compound interest is A=P^e^(r*t)
Amount of investment = $535 * e^(6%*10)
Amount of investment = $535 * 1.82211880039
Amount of investment = $974.833558209
Amount of investment = $974.83
Therefore, the Option B is correct since the Amount of investment equals $974.83.
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Answer:
The situation that best illustrates an effect of the law of demand is, for example, that a theater sells more popcorn after it lowers the price of popcorn, so the quantity demanded increases as a result of a decrease in price.
According to C. Wright Mills, one quality of mind do all great sociologists possess is sociological imagination.
<h3>
What is sociological imagination?</h3>
Sociological imagination refers to the ability of someone to form an outlook on life through their own personal experiences as they interact with members of their society over time. This outlook they form can change based on newly acquired experiences.
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Answer:
A ranch increases its profits by expanding from 400 to 800 cattle without buying or renting additional land.
Explanation:
I got 100% on gradpoint.
The answer is D. Analyse the value of a borrowers home and cars to be used as collateral for a loan.
