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Kamila [148]
2 years ago
9

Use long division to find the solution.

Mathematics
2 answers:
GuDViN [60]2 years ago
7 0

I think its 90 r 5 i don't know

Kruka [31]2 years ago
3 0
90 r 5 is the answer
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Aaron invested $740 in an account paying an interest rate of 5%
vlada-n [284]

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)

Find out more about continuous compounding on:brainly.com/question/23136156

#SPJ1

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1 year ago
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dam gurll, how many questions u gon' ask

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Children who have lost some baby teeth have better arithmetic skills than children who have not lost any baby teeth. In fact, th
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