ceng2552 ceng2552
  • 01-05-2020
  • Mathematics
contestada

how would I calculate this

how would I calculate this class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-05-2020

Answer:

  $18,413.01

Step-by-step explanation:

Use the formula for interest compounded continuously:

  A = Pe^(rt)

where P is the principal invested ($14,000), r is the annual interest rate (.0685), and t is the number of years (4).

  A = $14,000·e^(.0685·4) = $14,000·e^0.274

  A ≈ $18,413.01

Answer Link

Otras preguntas

Write a comparison sentence to represent this equation 6x7=42
In "i too" why does the speaker say "they" will be ashamed
Simplify the radical expression. The square root of 144.
The length of one side of a square city block is 462 meters. what is the perimeter of the block
what happened 100 years ago in jrotc
Cory earns $20 for every lawn he mows and $9 for every hedge he trims. He uses the expression 20x + 9y to keep track of his earnings. Part a. Identify the coeff
Palabras Parecidas a lluvia
Which event in China is symbolized by the lady with the light in this 1989 cartoon?
Name the different levels on organization within the biosphere, from smallest to largest
A bridge is 0.675 miles long. What is its length to the nearest hundredth of a mile