Mathematics, 19.01.2021 19:50 bmartinez26

A person places $37700 in an investment account earning an annual rate of 5%, compounded continuously. Using the formula V = Peșt, where Vis the value of the
account in t years, P is the principal initially invested, e is the base of a natural
logarithm, and r is the rate of interest, determine the amount of money, to the
nearest cent, in the account after 16 years.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:50, Felicitybuckman

What is the square root of 45? (step by step working plz)

Answers: 1

continue

Mathematics, 21.06.2019 15:30, pbrogers23

What is the solution of sqrt x+2-15=-3

Answers: 2

continue

Mathematics, 21.06.2019 16:50, fireman59937

Kapil needed to buy a long wooden beam. he went to two sawmills that each charge an initial fee plus an additional fee for each meter of wood. the following equation gives the price (in dollars) of a wooden beam from the first sawmill as a function of its length (in meters). p = 5+20xp=5+20x

Answers: 1

continue

Mathematics, 22.06.2019 00:00, mikemurray115

Triangles abc and dfg are given. find the lengths of all other sides of these triangles if: b ∠a≅∠d, ab·dg=ac·df, ac=7 cm, bc=15 cm, fg=20 cm, and df-ab=3 cm.

Answers: 1

continue

You know the right answer?

A person places $37700 in an investment account earning an annual rate of 5%, compounded continuous...