andreabrann94ovttb6 andreabrann94ovttb6

15-09-2017
Mathematics

contestada

if you deposit $1000 in an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

Respuesta :

Аноним Аноним

15-09-2017

The formula is

B = 1000e^(yr) where y = 5 years and r = 0.06 ( = 6%)

so answer is 1000e^(5*0.06) = $1349.86

Answer Link

Otras preguntas

Solve The Equation Below

Where is the punctuation error in this sentence? The speaker announced "the meeting will now come to order, and the secretary will read the minutes of the last

In Rumpletick, 1/2 of 1% of the town's 100,000 families have incomes over 80,000 per year. How many families with incomes over 80,000 per year are in Rumpletick

When most main sequence stars exhaust their hydrogen supply, they become giants. Yet on the diagram, there are not many stars between the main sequence and the

which is an example of a paper health record

change the voice of the following : 1. we use milk for making cheese

What do you mean by photosynthesis?bore D D D D

In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $365,000 for the month. In

A heat rate of 3 kW is conducted through a section of an insulating materials of cross-sectional area 10 m^2 and thickness 2.5 cm. If the inner (hot) surface te

whats the answer to this please help!