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umka21 [38]
3 years ago
14

Find the future sum of a present value of $2,000 deposited in a bank at 5% interested for 8 years, compounded continuously (F=Pe

rt). Round answer to the nearest dollar. Use 2.718 for e.
I'll give a brainliest
Mathematics
1 answer:
tatiyna3 years ago
3 0

Answer:

$2983.65

Step-by-step explanation:

A = $2000e^{8*.05} =

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1/2r -3= 3 (4-3/2r) solve for r
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1/2r -3= 3 (4-3/2r) is to be solved for r.


I'll begin by making the assumptions that by 1/2r you actually meant (1/2)r and that by 3/2r you actually meant (3/2)r. When in doubt, please use parentheses to make your meaning clear.


Thus, 1/2r -3= 3 (4-3/2r) becomes (1/2)r -3= 3 (4-(3/2)r ) .

Simplify this by multiplying all 3 terms by 2. Doing this will eliminate the fractions:


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Now expand the right side, using the distributive property of

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