Mathematics, 01.11.2021 22:40 vadrian4739

Some banks now use continuous compounding of an amount invested. In this case, the equation that models the value of an initial investment of P dollars int years at an annual interest rate of r is given by A = Pert. Using this equation, find the value in 5 years of an investment of $2000 that earns 7% annual interest. (Round your answer to the nearest cent.)
$

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:00, tjkma1234

Angela is buying a dress that is on sale for 20% off. if the original price of the dress is $40.00, how much money is angela saving on the dress? a. $0.80 b. $3.20 c. $32.00 d. $8.00

Answers: 1

continue

Mathematics, 21.06.2019 21:30, magicpuppydance

On #16 : explain how factoring a trinomial, ax^2+ bx+ c, when a does not equal 1 different from factoring a trinomial when a = 1.

Answers: 2

continue

Mathematics, 22.06.2019 00:00, isabellecannuli

Margaret is purchasing a house for $210,000 with a 15 year fixed rate mortgage at 4.75% interest she has made a 5% down payment the house is valued at 205,000 and the local tax rate is 3.5% homeowners insurance 600 per year what are her total monthly payment

Answers: 1

continue

Mathematics, 22.06.2019 00:30, kitykay2399

An unknown number x is at most 10. which graph best represents all the values of x? number line graph with closed circle on 10 and shading to the right. number line graph with open circle on 10 and shading to the right. number line graph with open circle on 10 and shading to the left. number line graph with closed circle on 10 and shading to the left.

Answers: 1

continue

You know the right answer?

Some banks now use continuous compounding of an amount invested. In this case, the equation that mod...