subject
Mathematics, 02.06.2021 20:00 citlalli30

A person places $736 in an investment account earning an annual rate of 1.3%, compounded continuously. Using the formula V = Pe^{rt}V=Pe rt , 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 r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 2 years.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:00
You purchased 8 pounds 10 ounces of candy from a candy shop. you want to split it equally among 3 classrooms at a local school.
Answers: 1
question
Mathematics, 21.06.2019 17:30
Asailor is looking at a kite. if he is looking at the kite at an angle of elevation of 36and the distance from the boat to the point where the kite is directly overhead is 40 feet, how high is the kite?
Answers: 1
question
Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
question
Mathematics, 21.06.2019 22:30
Complete the equation of the live through (-1,6) (7,-2)
Answers: 1
You know the right answer?
A person places $736 in an investment account earning an annual rate of 1.3%, compounded continuousl...
Questions
question
English, 28.06.2019 16:10
question
English, 28.06.2019 16:10
question
Mathematics, 28.06.2019 16:10
question
Social Studies, 28.06.2019 16:10
Questions on the website: 13722363