subject
Mathematics, 18.01.2021 03:20 donnafranks2003

A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each was 2500 troy ounces of gold. The bonds matured in 1954, at which time the value of each was 2500 troy ounces of gold at 1954 prices. The price of gold at that time was around $350 per troy ounce. The bonds could not be redeemed because in 1954 there was no single German country—it had been divided into two nations. But provisions of the bond stated that from 1954 onward the unredeemed bonds grew in value according to the exponential formula Value = Initial value × 1.00019365t,
where t is the number of years since 1954.

What was the total value of this man's 54 bonds in 2019? Give your answer in billions of dollars rounded to two decimal places.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:30, bcifuentes
If f(x) =3x-2 and g(x) =2x+1 fins (f+ g) (x)
Answers: 1
image
Mathematics, 21.06.2019 18:00, nakeytrag
Big boi and travis scott are performing at the super bowl. travis scott is 62 years younger than twice big boi’s age. the sum of their ages is 70 years old. use b to represent big boi’s age. write and solve an equation.
Answers: 1
image
Mathematics, 21.06.2019 21:30, cooboy
Jake bakes and sell apple pies. he sells each pie for $5.75 . the materials to make the pies cost $40. the boxes jake puts the pies in cost & 12.50 total. how many pies does jake need to sell to earn a profit of $50
Answers: 3
image
Mathematics, 21.06.2019 23:00, DisneyGirl11
In an equilateral triangle, each angle is represented by 5y+3. what is the value of y? a. 9.7 b. 10.8 c. 11.4 d. 7.2
Answers: 1
You know the right answer?
A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each...

Questions in other subjects:

Konu
Mathematics, 11.11.2020 02:50
Konu
Computers and Technology, 11.11.2020 02:50
Konu
Health, 11.11.2020 02:50