1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lynna [10]
2 years ago
8

You want to have $200,000 when you retire in 25 years. If you can earn 3% interest rate compounded continuously, how much would

you need to deposit now into the account to reach your retirement goal?
Mathematics
1 answer:
mash [69]2 years ago
5 0

9514 1404 393

Answer:

  $94,473.31

Step-by-step explanation:

The multiplier in 25 years is ...

  e^(rt) = e^(0.03·25) = e^0.75 ≈ 2.117

To have an account value of $200,000 in 25 years, you need to deposit now ...

  $200,000/2.117 = $94,473.31

_____

When this amount is multiplied by 2.117, the result is 200,000.

You might be interested in
Which graph represents the function(x)=1/x=1
zzz [600]
I think it would be the second graph
3 0
3 years ago
How are positive numbers written in Roman
rosijanka [135]

The system of Roman numerals is based on using special symbols to denote decimal digits I=1, X=10, C=100, M=1000, and their halves V=5, L=50, D=500. Positive integers are written by repeating these numerals.

 Brainliest?

5 0
3 years ago
What is the standard form of this equation of a circle?
Olenka [21]
<span>x² + y² + 14x − 4y − 28 = 0

x² +14x +y² - 4y =28
x²+2*7x  +7² -7²  + y² - 2*2y +2² - 2² = 28
(x+7)² + (y-2)² -7²-2² =28
</span>(x+7)² + (y-2)²=28+49+4

(x+7)² + (y-2)² =81 is the answer.
5 0
3 years ago
Read 2 more answers
-10÷_100(20+501) that is my home work
KIM [24]

Answer:

-52.1

Step-by-step explanation:

-10/100 = -0.1

-0.1 x 20 = -2

-0.1 x 501 = -50.1

                  +    -2

                   ____

                -52.1

5 0
3 years ago
Steve walked away from his girlfriend. Chose the graph that shows steves distance from his girlfriend as time goes by.
Solnce55 [7]
What Graph? There is no attachment
4 0
3 years ago
Other questions:
  • Solve for x. 9(x + 1) = 25 + x
    7·2 answers
  • Add Linear Expressions. (4x - 1) + (-5x + 17)
    10·1 answer
  • 39.6 x 5.20 with steps
    6·2 answers
  • Can someone help me and do this for me were doing convert customary units if lenght
    6·2 answers
  • In ΔKLM, the measure of ∠M=90°, the measure of ∠K=78°, and KL = 35 feet. Find the length of MK to the nearest tenth of a foot.
    8·2 answers
  • Help me please I need it
    12·1 answer
  • Two dice, a red and a blue, are rolled. Find the probability that both dice show sixes​
    5·1 answer
  • WHAT IS THE MEDIAN I WILL GIVE BRAINIEST
    8·2 answers
  • What is the formula of \underline{force}force​ in physics?<br>​​​
    9·2 answers
  • What is the final answer?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!