Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is 
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of 
dollars is invested at a rate of interest 
compounded continuously for 
years, the compound amount is
(a) From the information given
Applying the above formula we get that
The future value after 9 years is $7142.49.
(b) The effective rate is given by
Therefore,
(c) To find the time to reach $13,000, we must solve the equation
Answer:
Yes
Step-by-step explanation:
Because it passes vertical line test.
The answer is $2.50 because you do 145-132.50=12.5
Then you divide by 5 because that’s the difference between students then the final answer is 2.50
Given that:
f(1)=13 and 2f(n-1)+(n-2)
then:
f(4) will be found as follows:
f(2)=2f(2-1)=2f(1)=2*13=26
f(3)=2f(3-1)+(3-2)=2f(2)+1=2*26+1=53
f(4)=2f(4-1)+(4-2)=2f(3)+(4-2)=2(53)+2=108
Thus:
Answer:(3) 108
