Answer: 9.9 years.
Step-by-step explanation:
If interest is compounded continuously, then formula to compute final amount A = 
, where P =initial amount, r= rate of interest , t=time.
Given: P= $61,000, r= 1.9% =0.019 , A = $ 73600
Substitute all values in formula
Taking natural log on both sides
Hence, the required time = 9.9 years.
Answer:
point-slope form: 
Step-by-step explanation:
hope this helps :)
To calculate the z-statistic, we must first calculate the
standard error.
Standard error is standard deviation divided by the square
root of the population. In this case, it is equal to 2.68.
The z-score is defined the distance from the sample to the
population mean in units of standard error.
z = (195 – 208)/2.68 = -4.86
Answer:
9
Step-by-step explanation:
substituting 2 for the x
y = 2(2) + 5
y = 4 + 5
y = 9
Answer:
Buying a home allows you to build wealth over time.
Step-by-step explanation:
no other asset can build your wealth more consistently. When you rent, you are building your landlord's wealth, and not your own. Combined with leverage, real estate appreciation can offer big returns
