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Mathematics, 09.06.2021 18:50 lexieprochaskaaa
Please help me! It is very important that I get this done but I am beyond confused!
Brandt invests an initial amount P of $180 into an account that pays interest at 2.5% compounded continuously. Carter invests $120 into an account that pays 4.8% compounded continuously. The balance of each investment, A, is calculated using the equation A=Peⁿ. The graph shows their investments over time.
When will their investments reach the same balance?
a. Their investments will never reach the
same balance.
b. Their investments will reach the same
value between years 15 and 16.
c. Their investments will reach the same
value between years 16 and 17.
d. Their investments will reach the same
value between years 17 and 18.
e. Their investments will reach the same
value between years 18 and 19.
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Answers: 3
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You know the right answer?
Please help me! It is very important that I get this done but I am beyond confused!
Brandt invests...
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