subject
Mathematics, 02.11.2021 04:30 YoungLarQ

Some banks now use continuous compounding of an amount invested. In this case, the equation that models the value of an initial investment of dollars int years at an annual interest rate of r is given by A = Pelt. 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)

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:20, bbyjoker
Recall that the owner of a local health food store recently started a new ad campaign to attract more business and wants to know if average daily sales have increased. historically average daily sales were approximately $2,700. the upper bound of the 95% range of likely sample means for this one-sided test is approximately $2,843.44. if the owner took a random sample of forty-five days and found that daily average sales were now $2,984, what can she conclude at the 95% confidence level?
Answers: 1
image
Mathematics, 21.06.2019 21:00, ehaynie
Carmen ayer en el mercado compro 3/4 kg de guayabas, 6/8 kg de peras, 1/2 kg de naranjas ¿cuantos kilogramos de fruta compro?
Answers: 2
image
Mathematics, 21.06.2019 23:30, mayratrejorod3
Zach spent 2/3 hour reading on friday a 11/3 hlurs reading on saturday. how much more time did he read on saturday tha on friday
Answers: 1
image
Mathematics, 22.06.2019 02:00, davidb1113
Mariano delivers newspaper. he always puts 3/4 of his weekly earnings in his savings account and then divides the rest equally into 3 piggy banks for spending at the snack shop, the arcade and the subway
Answers: 2
You know the right answer?
Some banks now use continuous compounding of an amount invested. In this case, the equation that mod...

Questions in other subjects: