Answer:
$ 20,189.65
Step-by-step explanation:
Jake's parents want $100,000 at the end of 40 years. They put their money in an account that yields 4% per year compounded continuously. How much money should jakes parents deposit?
From the above question, we are to find the Principal. The formula for Principal compounded continuously =
P = A / e^rt
Where:
A = Amount after time t = $100,000
r = Interest rate = 4%
t = Time in years = 40 years
First, convert R percent to r a decimal
r = R/100
r = 4%/100
r = 0.04 per year,
Then, solve our equation for P
P = A / e^rt
P = 100,000.00 / e ^(0.04×40)
P = $ 20,189.65
Therefore, the amount Jake's parents should invest = $ 20,189.65
Answer:
1-a
2-a
3-b
Step-by-step explanation:
hope that helps
Answer:
Step-by-step explanation:
WE willl solve the question for the following equation 
1. Add 8c on both sides
2. Add 10 on both sides
3. Substract 2c on both sides
4. Divide both sides by 2
Then, the equation is solved.
Answer:
C
Step-by-step explanation:
See pic below for why...
