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:
7/10 or 70%.
Step-by-step explanation:
There is a total of 20 marbles in the bag.
There are 10 + 4 = 14 marbles which are not blue.
The required probability = 14/20
= 7/10.
1 3/4 + 3 3/8
get a common denominator by multiplying 1 3/4 by 2 to get a denominator of 8
1 3/4 becomes 1 6/8
1 6/8 + 3 3/8 = 5 1/8 yards
so the answer is
C. 5 1 / 8 Yards
Gimme a second ill help ya
Answer:
Cost y is directly proportional to the pound of potato y = 1.89x The constant of proportionality is the cost of 1 pound of potato, and it is 1.89
Step-by-step explanation:
