subject
Mathematics, 06.05.2020 21:58 finlchey3860

A person places $5540 in an investment account earning an annual rate of 2.5%,
compounded continuously. Using the formula V = Pent, where V is the value of the
account in t years, P is the principal initially invested, e is the base of a natural
logarithm, and ris the rate of interest, determine the amount of money, to the
nearest cent, in the account after 20 years.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
How do i start to solve? would appreciate a walk-thru! a bird sitting 16ft above the ground in an apple tree dislodges an apple. after how many seconds does the apple land on the ground? (assuming that no branches will interfere with it's fall)
Answers: 1
question
Mathematics, 21.06.2019 19:30
:24% of students in a class are girls. if there are less than 30 students in this class, how many students are there? how many girls are there?
Answers: 2
question
Mathematics, 21.06.2019 21:00
Awater tank holds 18000 gallons. how long will it take for the water level to reach 6000 gallons if the water is used at anaverage rate of 450 gallons per day
Answers: 1
question
Mathematics, 22.06.2019 01:00
Exclude leap years from the following calculations. (a) compute the probability that a randomly selected person does not have a birthday on october 4. (type an integer or a decimal rounded to three decimal places as needed.) (b) compute the probability that a randomly selected person does not have a birthday on the 1st day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (c) compute the probability that a randomly selected person does not have a birthday on the 30th day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (d) compute the probability that a randomly selected person was not born in january. (type an integer or a decimal rounded to three decimal places as needed.)
Answers: 1
You know the right answer?
A person places $5540 in an investment account earning an annual rate of 2.5%,
compounded conti...
Questions
question
Mathematics, 07.01.2022 02:40
question
English, 07.01.2022 02:40
question
Mathematics, 07.01.2022 02:40
Questions on the website: 13722360