cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

Contentment makes people grateful for what they already have, so they don't feel the need to go buy new things all the time: a) Consumer psychology b) Economic
Sarina has thrown cubical dice 2 times. write the probability of getting 5 in first throw and 4 in second throw.​
A triangle has a base of 4 inches and height of 6 inches. What is the area of the triangle? 10 in2 12 in2 20 in2 24 in2
How did the Whigs approach the election of 1840? [Select all that apply.]
Write a short note on the silappadikaram.​
Redondea 2.789 nearest 10
Name any two text properties that can be applied in css. Give the syntax
Suppose you want to give the coordinates of three points that are vertices of a right triangle how can you do this without looking at a coordinate plane
Components of master budget: Estimates direct labor hours and costs necessary to achieve a desired level of production (no beginning/ending inventory).A) Labor
________ are the only birds that can hover without the help of a headwind.a. hummingbirds b. falcons c. eagles d. swallows