cardenasnayely cardenasnayely

04-06-2017
Mathematics

contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

Aliwohaish12 Aliwohaish12

04-06-2017

Hi there

The formula is
A=pe^rt
We need to solve for p where
A future value 15000
P present value?
E constant
R interest rate 0.059
T time 12 years
So when you solve for p you get
P=A÷e^rt
P=15,000÷e^(0.059×12)
P=7,389.43

Hope it helps

Answer Link

gpheffernan gpheffernan

02-07-2019

7389.43

Step-by-step explanation:

Answer Link

Otras preguntas

just answer no need to explain lol

sketch one cycle of the cosine function y=-cos 3 theta

Find the kinetic energy of an electron whose de broglie wavelength is 34.0 nm.

Internal links should be ____________. Used on each web page Avoided except on long web pages No longer used, as it is an obsolete HTML tag Used sparingly

Read the sentences below and then answer the question that follows: In this happy time, we must remember those who are not as fortunate as we are. While we cele

two things to keep in mind when you're deciding whether to use formal or informal English are

Carbon dioxide is naturally present in the atmosphere as part of the Earth's carbon cycle. Human activities are altering the carbon cycle, by adding more CO2 to

What comparable situation caused problems in asia after world war 1?

nitrogen molecules in 1.4 moles of n2

Question 19 Unsaved Which of the following is NOT one of the warning signs used to predict a volcanic eruption? 1) changing chemistry of volcanic gas 2) deve